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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

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