The low newbuilding prices at the world's shipyards are bad news for, in particular, the tanker and dry bulk sectors, in which carriers and shipowners are ordering far more vessels than was the case in the same period last year.
Newbuilding activity in the first half of the year is thus 20 percent higher than last year, writes Bimco, noting that 5.9 million dwt new tonnage were ordered in May, along with 3.1 million dwt in June so far.
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