Order contract dates pushed back to 2015 distorting supply picture, says MSI
The newbuild vessels that will come on the water in the next 18 months after the contract date is being pushed back to 2015 will swell vessel supply. However, by 2025 there will be a need to replace many of the ships which were built in 2000
Over the course of the next five years, we will see an uplift in contracting increasing by 24% versus the last five years, MSI director Adam Kent predicts
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