Shipyards take longer to build capesize vessels

The delivery time for large capesize vessels has become longer, according to Cleaves Securities. Close to half of the shipyards' orders for newbuilds are slated for delivery in 2023 or later.

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The delivery time for capesize ships, the largest dry bulk vessels, is getting longer and longer, according to Cleaves Securities.

Due to overflowing orderbooks, shipyards are struggling to keep up with demand. Although some capesize ships are scheduled for delivery in early 2023, the estimated delivery time for the majority of the capesize orders are from September next year and into the second half of 2024, concludes Cleaves Securities.

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