Newbuildings for USD 5.5 billion to the Middle East

The Middle Eastern carriers have newbuildings for USD 5.5 billion in the pipeline, corresponding to 87 ships.
BY LOUISE VOGDRUP-SCHMIDT

Carriers in the Middle East have bet big on newbuilding investments, and at this time the pipeline holds orders for a total USD 5.5 billion. This figure correspond to a total of 87 ships ordered by the Middle Eastern shipowners, according to media Arabian Supply Chain.

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