With stakeholders facing wildly varying terms for finance availability across shipping, Wikborg Rein’s Beatrice Russ highlights the common factors to keep in mind.
Chinese shipbuilder Yangzijiang Shipbuilding announced a record orderbook value of $16.1bn, conmprising 193 vessels to be delivered by 2028, totalling 7.45m gt.
Increasing costs of fuel will mean that larger ships will become even more sought after in the future with economies of scale and cost reductions intensifying these key battlegrounds for vessel operators.
Mitsui O.S.K. Lines (MOL) will install wind propulsion systems on seven newbuilding bulk carriers and a multi-purpose vessel to be operated by MOL Drybulk.
The world’s second busiest container port at Singapore has seen a major spike in congestion, forcing carriers to stretch charter agreements and to build container fleets in preparation for an elongated peak season.
