Brokers surprised by heavy newbuilding activity

Shipyards are currently trying to raise the prices on newbuildings, but it's extremely difficult, a broker tells ShippingWatch. The average newbuilding prices have gone down 40 percent since 2008.

BY KATRINE GRØNVALD RAUN & OLE ANDERSEN

In the last three months, contracting activity has increased, especially within capesize bulk, but in product tank as well, and the activity is higher than expected, say several brokers to ShippingWatch.

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