Starved shipbuilders offered ray of light
Next year will remain challenging for shipbuilders as the uncertainties about new emission rules and future marine fuels will keep reminding them of the risks that any newly delivered vessels today can become obsolete in the next five years, and that can result in a sharp decline in asset value
Owners are returning to yards fuelled by improved freight market sentiment and low ship prices. However, shipyards must be vigilant about the repercussion of loss-making orders that could be amplified by continued weakening of the US dollar