Ro-ro underinvestment persists amid dearth of newbuild activity
- Newbuilding orders for ro-ro cargoships fell to their lowest level in three decades in 2025, with orders for only three firm ships placed worldwide
- Beyond Japan, ordering activity remained tentative with Stena RoRo signing a letter of intent for two 3,400 lane metre vessels in China and DFDS mulling ammonia-fuelled newbuildings
- Recycling activity was minimal in 2025, while seven high-specification newbuildings joined the global fleet
Despite subdued ordering, secondhand vessel demand has stayed firm due to limited fleet growth, which is supporting vessel values
