newbuild orders

Global ship orderbook growth hits fastest pace since pre-Lehman boom as orderbook swells 27%

Global shipbuilding orderbook growth reached 27% year-on-year, the fastest since the eve of the 2008 financial crisis, according to Splash247. Clarksons Research data shows 9,012 ships totalling 405.9m gt on order, with Greek and Chinese owners leading contracting. Industry executives at Posidonia warned that the record $2.4trn fleet-and-orderbook value may be signalling an overheated market.