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Ship Owners Are Stocking Up With Newbuildings and Secondhand Ships in Anticipation of a Post-Pandemic Trade Rebound
Activity has continued to be more than healthy, in both the newbuilding and S&P markets over the course of the past week. In its latest weekly report, shipbroker Allied Shipbroking said that “things continue to look encouraging on the newbuilding market front, with a fair number of transactions emerging again this past week. The recent trend noted in terms of activity, has given a fair boost on the pricing front as well, with a fair increase in all prices having already been observed since the start of 2021. In part this has also helped shipbuilders absorb some of the extra construction cost that has accumulated from the rapid increases being noted in steel plate prices over the past few months. In terms of dry bulkers, we continue to see activity emerge though at a slower pace and with the main focus having shifted considerably towards Kamsarmax designs.