The low numbers of bulker newbuildings bode well for the future, as supply is expected to be kept tight, with owners’ focus being container and LNG ships. In its latest weekly report, shipbroker Intermodal noted that “the newbuilding market activity has been significantly positive from a dry bulk owner perspective during the first half of .
As China grapples with the effects of the pandemic and has issued a lockdown in Shanghai, shipping is expected to be impacted as well. While tankers should take a hit from the slowdown in oil consumption, the dry bulk and container segments could stand to benefit, as congestion has already increased in various ports in .
The main trend in the newbuilding market this year, has been following the same line as in 2021. This means that container ships and LNG tanker are the main ship types in demand. In its latest weekly report, shipbroker Intermodal said that “the newbuilding market activity since the start of the year is following the .
A looming energy crisis could act in favor of tanker demand in the coming weeks and months, which could help lift earnings. In its latest weekly report, shipbroker Intermodal said that “in a year where both the container and the dry bulk freight sectors enjoy historical booming markets with gains exceeding even the most optimistic .
Tanker Newbuilding Orders on Pace for Doubling During 2021
Ship owners’ appetite for crude tankers has intensified since the start of 2021, manifesting itself in an increased newbuilding contracting pace. According to shipboker Intermodal’s data, year-to-date, crude carriers contracting activity in dwt terms is estimated at around 9.6 million which is about +47.7% when compared to the same period last year (6.5 million dwt).
In its latest weekly report, Intermodal said that “last year crude tankers’ newbuilding contracting activity was devastated by the economic effects of the Covid-19 pandemic and the cloud of uncertainty regarding eco-friendly technology adoption which amplified concerns over the technology and fuelling choices on the newbuilding units. Covid-19 restrictions significantly impacted owners’ appetite for new orders, which coupled with the divided view on the long-term technology implementation caused a severe blow on the shipbuilding industry. At the time