The week in newbuildings: Boxship owners sign $2.5bn worth of new orders
While analysts are busy reducing their global trade growth forecasts due to the Ukraine crisis, shipowners with a long-term view are continuing to sign up for new tonnage, many of which are alternative-fuel capable
Newbuilding contracts continue to be dominated by containerships and gas carriers, with major orders placed in the past week by MSC, Pacific International Lines and Dynagas with deliveries three years hence