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Carriers decelerate and order markedly fewer ships – with one exception

The number of new ship orders has dived by more than a third in the first half of the year, but one segment has seen tripled orders. Costs of building ships continue to rise, according to an analysis by VesselsValue on behalf of ShippingWatch.

The world's largest container carrier, MSC, currently has 118 ships under construction at shipyards, corresponding to more than a third of the existing fleet. | Photo: PR / MSC

The order boom seen at shipyards in recent years, with especially new, shiny container ships set for construction, now seems to be losing steam.

The number of new ship orders in the first half of the year has dived by more than a third compared to the same period last year. One ship segment is seeing tripled orders, however. Meanwhile, the costs of building ships continue to rise, shows an analysis by VesselsValue on behalf of ShippingWatch.

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