Danish Ship Finance: Newbuilding prices could plummet to 2002-level

Danish Ship Finance (DSF) estimates that newbuilding prices from yards in Asia may actually be plunge to levels corresponding to those of more than a decade ago once many yards run out of orders this year and the next.
Photo: Hempel
Photo: Hempel

Newbuilding prices from shipyards in China and other places in Asia could plunge to 2002-levels as yards run out of orders. The development is in progress this year and will continue in 2014, writes Danish Ship Finance in its biannual analysis, Shipping Market Review.

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