The week in newbuildings: Cosco, MSC and Wagenborg lead busy week for global shipbuilding orders
- Major orders included Cosco Shipping Development’s $1.2bn order for 24 bulk carriers, backed by 20-year charter agreements
- Mediterranean Shipping Co ordered 10 dual-fuel LNG-powered 20,000 teu containerships from Hengli Heavy Industry, expanding its orderbook at the yard to 40 vessels
- Wagenborg, in a partnership with Carisbrooke Shipping, ordered eight ice-class multipurpose vessels
A combined 59 new merchant vessels were contracted in the past week, highlighting continued confidence in global shipping markets
