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Newbuilding orders tumble across most sectors

  • Newbuilding orders almost halved in the first quarter of 2025, compared with the first three months of 2024
  • Most sectors saw a decline in orders with dry cargo recording the largest drop
  • Slowdown reflects caution in the market amid changing regulatory frameworks and macroeconomic headwinds

Long-term demand prospects for newbuildings remain strong because of the need for fleet renewal and more efficient ships

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