The week in newbuildings: High demand for new bulkers and tankers continues
- Orders have remained strong in the past two weeks with newbuilding contracts for 71 vessels confirmed across the gas, dry cargo, tanker and boxship sectors
- In the bulker sector, India’s Swan Defence and Heavy Industries secured an order for four ammonia dual-fuel, post-panamax ships
- Cosco is understood to have contracted 12 neo-panamax boxships for its OOCL subsidiary with delivery in 2029 and 2030
A wave of new ship orders were disclosed in the past fortnight highlighting sustained momentum in global fleet renewal
