Newbuilding ordering, second ships purchasing begin to cool off

As we slowly approach towards the end of the year, ship owners in both the dry and wet parts of the shipping industry begin to slowdown the rate of their investments in terms of fleet growth. After a year of pretty healthy levels of investment activity, it’s pretty clear to everyone that low prices and opportunities were the driving factors of this development, which to many people, even from within the shipowners’ community appears as “crazy”, given the huge orderbook in most ship segments, both in the dry bulk and the tanker sectors. In fact, some go even further to state that if this year’s orders are all materialized, shipping could very well face yet another crisis in the following years. 
[Read More]
Source: Hellenic Shipping News