Newbuilding Market Still Running “Hot”

AI Summary

Newbuilding ship orders remain strong across dry bulk, tanker, container, and gas carrier sectors, led by large ore carriers and Newcastlemax vessels. The market shows sustained high activity in new ship contracting.

Newbuilding ordering activity has kept going strong over the past week. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding activity remained brisk this week, with contracting spread across the dry bulk, tanker, container and gas carrier sectors. Dry bulk ordering was led by a series of very large ore carrier and Newcastlemax ...