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