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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.

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.

The ships in the orderbook are worth an average USD 6.3 million, but the vessel orders are not distributed in this way. The large eco-design ships ordered by United Arab Shipping Company, UASC, cost around USD 160 million each, and UASC also holds the title as the region's biggest investor, with investments totaling USD 2.3 billion.

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