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Live from Posidonia

Only 300 newbuildings ordered so far in 2016

Only 300 newbuildings ordered so far in 2016
Underscoring the crisis facing the shipbuilding industry just 300 newbuildings have been booked year-to-date according classification society DNV GL.

Knut Ørbeck-Nilssen ceo of DNV GL Maritime told a media briefing at Posidonia 2016 that only 300 newbuildings totaling 11m gt had been ordered in the year-to-date. Of theseorders for 30 valemax VLOCs accounted for 60% in terms of the total tonnage.

He noted that this was very challenging for yards, suppliers and other related business segments. However, Ørbeck-Nilssen, added, “If you look at the bigger picture there is still overcapacity, so it is a good thing.”