Court Smith

Credit: Samsung Heavy Industries

Enthusiasm for Newbuild Orders Starting to Wane

By Court Smith 2018-07-10 20:10:53

The enthusiasm for newbuild orders across most shipping markets has started to wane after over $10 billion was committed in the first quarter of 2018. The total committed to new deliveries is now the lowest since the start of 2016.  Ordering trends in the start of the year were highest in the markets that were seeing the highest returns. This includes the dry bulk and LNG carrier markets, while interest in the low earnings environment tanker markets was softer. In...

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