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.

Photo: Star Bulk Carriers

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.

The overall figure spent on newbuilds so far this year thus stands at the lowest level since early 2016, writes Vessels Value in an update.

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