The dry bulk shipowner Golden Ocean Group has inked an agreement for the construction of three 85,000 dwt eco-type kamsarmax vessels at a Chinese shipyard.
Singapore-listed Chinese shipyard Yangzijiang Shipbuilding reported a record high for new orders of $6.67bn in the first half of 2021. The shipbuilder also reported 39% growth in earnings of $253m.
Severely disruptive events often expose previously unseen or underappreciated vulnerabilities. Add to the list how the trend toward increasingly mammoth vessels is making global supply chains even more fragile.