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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.

Marcus Hand, Editor

June 7, 2016

1 Min Read
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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.”

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
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