Sliding interest in newbuilds after strong ordering in first quarter
Shipowners spent huge sums on newbuilds in the first months of the year, but interest in new ships took a steep plunge in the second quarter, according to data from Vessels Value. The first half of the year now hovers at the lowest level since early 2016.
by DANIEL LOGAN
After a first quarter in which shipowners spent upwards of USD 10 billion on newbuilds, interest in ordering new ships dropped big-time in the second quarter.
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