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.

BY OLE ANDERSEN

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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