Tuesday, 13 June 2017

Shipping: After four years, new orders flood in

The list of new building shipping orders surfacing in ship building yards across the world during the past days has been overwhelming and is reminiscent of busier periods the industry was enjoying about four years ago. 

Yet the price levels are not seeing a big increase as competition among shipbuilders remains fierce, thus not allowing newbuilding values to move accordingly.

In terms of recently reported deals, Estonian owner, Platano Eesti, placed an order for two firm and one optional mini-Capes (108,000 dwt) at Shanghai Shipyard, in China for a price in the region of $35 million each.

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