Global shipbuilding boom moves into overdrive

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The global shipbuilding orderbook has risen above its previous 2008 peak, reaching 203.2 million compensated gross tonnes at the start of September, according to BIMCO. Chinese shipyards are gaining market share, while tanker owners are turning to less experienced builders to secure delivery slots.

The global shipbuilding boom is gathering pace, with orderbooks surpassing their previous 2008 peak, Chinese yards tightening their grip on the market and tanker owners increasingly turning to inexperienced builders to secure delivery slots. New figures from BIMCO put the global orderbook at 203.2m compensated gross tonnes (cgt) at the start of September, up 13% …