Shipping lines can expect two months of delay on newbuilds

14.5 percent of all newbuilds slated for delivery this year might be delayed until 2021 due to the coronavirus, assesses brokerage Maersk Broker. But the delays are not necessarily a bad thing, according to analyst.

Photo: PR / Danske Rederier

Shipping lines can expect delays of two months on newbuild vessels due to the coronavirus outbreak, which has halted production at shipyards in China, Japan and South Korea.

The delays entail that 14.5 percent of all newbuilds otherwise slated for delivery in 2020 will now instead by delivered next year, assesses brokerage Maersk Broker, which has closely examined the consequences of the coronavirus for shipbuilders.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Trial banner

Latest news

See all jobs