ShippingWatch

Analysis: Future of shipping could shift as yards thirst for work

The increasing speed at which shipyards can deliver newbuildings could alter the cyclical nature of shipping, projects firm MSI in a new analysis.

Photo: Lee Jin-man/AP/POLFOTO/arkiv

The weak shipping markets have triggered a slowdown in orders for new vessels, and this means that the shipbuilders now have sufficient space to take on new projects. If the freight market improves, the yards will be able to deliver on orders much faster than before.

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