Tanker newbuild order activity shows little sign of revival
Berth availability for building tankers is limited now that most major shipyards have filled their capacity with higher-yielding gas tankers and containerships. At the same time, a diminishing orderbook bodes well for freight rates in the medium term
New tanker ordering activity has plummeted. Relatively high newbuilding prices and the need for clarity on future fuels are the main reasons for the ordering downturn
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