Newbuilding orders cool off

As we approach towards the end of the year, shipowners in both dry and wet sectors of shipping industry begin to slow down the rate of their investments in terms of fleet growth.
After a year of pretty healthy levels of investment activity, it's 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.
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Source: Shanghai International