Newbuilding back to normal

As the total of world's newbuilding orders for this year is estimated at 35m CGT, increasing by 4% as compared to 2010, a recovery in newbuilding orders is expected to be faster than expected after the severe recession in 2009.
This corresponds to the level of the annual average orders before the booming period between 2006 and 2008, but a full-scale of recovery is uncertain.
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Source: Asiasis