China dominates shipbuilding amid slowdown as focus shifts to tankers and bulkers
MSI2 January 20241 Minute
Consultancy and research company Maritime Strategies International concluded that in 2022 and 2023, newbuilding contracting massively exceeded underlying replacement and incremental demand growth requirements.
“After the container-boosted wonder year of 2021, we anticipated contracting would ease back in 2022 and 2023. It now looks like around 137m gross tonnes was ordered over the two years, with huge investment in container ships, LNG carriers and car carriers,” said MSI director Stuart Nicoll. Read more at TradeWinds