Newbuild contracts surge as boxships and tankers provide 1Q26 boom
- Newbuilding orders have surged as demand for new boxships continues while crude oil tanker orders have come back into fashion
- Orders for crude oil tankers have rebounded strongly due to fleet renewal requirements
- China is dominating the boom having expanded existing yard production to provide competitive delivery schedules
The boom in orders has been especially beneficial to China’s shipbuilding sector, which has secured over 70% of all newbuildings so far this year
