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The demand for containerships is expected to increase by 10 percent as shipowners move forward with the implementation of the IMO 2023.

After two years of record results driven by a surge in volumes, capacity constraints, and port delay...

BIMCO: Shipbuilding orders jump by 119.7% YoY amid record containership demand May 28, 2021, by Jasmina Ovcina Total shipbuilding orders in the first five months of this year have increased by 119.7% compared with the same period in 2020, BIMCO’s data shows. The massive rebound in ordering has been driven by record high containership contracting, as investors in this segment find themselves flush with cash. So far 43.6 million DWT of orders have been placed at shipyards, towering above the 19.8 million DWT at the start of 2020, when order levels...

Overview Total orders of dry bulk, tanker and container ships in the first five months of the year have jumped 119.7% compared with the same period in 2020, primarily driven by record high container ship contracting, as investors in this segment find themselves flush with cash. So far 43.6m DWT of orders have been placed ...

Oil product tanker demolition on track to break 11-year record In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in each of 2019 and 2020 due to unfavourable freight rates. If that pace continues for the rest of the year, an 11-year record is set to be broken. So far this year, 10 crude oil and 38 oil product tankers have left the active trading fleet and the development in crude oil tanker demolition and that of oil product tankers continues to head in different directions....