New orders for tanker carriers push up newbuilding prices

South Korean shipyards are enjoying a constant influx of newbuild orders. Shipowners’ appetite for dual-fuel vessels pushes open yard capacity forward and prices up.

by TOMAS KRISTIANSEN

A number of the huge South Korean shipyards are enjoying an order bonanza, partly because the interest for dual-fuel vessels that can sail on alternative fuels has taken off recently.

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