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50% of ships due for 2017 delivery have yet to hit the water

With just two months of 2017 left the slippage in deliveries of the global orderbook looks set to be massive.

Online pricing portal VesselsValue has crunched the numbers and found half of the ships due for 2017 delivery are still to be handed over with less than nine weeks of the year to go. Of the 2,440 vessels meant to be delivered this year, only 1,220 have hit the water, according to VesselsValue.

“Vessel deliveries typically slow down towards the end of the year. If the owners wait a few weeks, allowing the delivery to slip into the new year, the vessel is considered a whole year younger. Many sectors can expect a high proportion of the orderbook to hit the water in future years,” VesselsValue observed in a release.

Offshore-related vessels are listed as the sector with the greatest slippage in delivery times, while LPG has seen the highest percentage of ships delivered on time.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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