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Uncertainty about the future could trigger "ketchup effect" for newbuilds

If shipping companies, banks, shippers, and the government were all more risk-willing, they could pave the way for the green shipping of the future, says Danish Ship Finance.
"The shipping companies' dilemma is that the longer they wait to order new ships, the larger they must expect the backlog of newbuilds to be," says Erik I. Lassen, CEO of Danish Ship Finance. | Photo: Carsten Lundager.
"The shipping companies' dilemma is that the longer they wait to order new ships, the larger they must expect the backlog of newbuilds to be," says Erik I. Lassen, CEO of Danish Ship Finance. | Photo: Carsten Lundager.
by JENS THOMSEN

High newbuild prices, inflation, high interest rates, and uncertainty about shipping’s green transition make many carriers and shipowners hesitate in terms of vessel orders.

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