Confirmed newbuild orders in the first quarter of the year slumped 55% year-on-year with only 6.6m dwt ordered across the three major shipping segments, down from 14.7m dwt last year, according to data from global shipowning organisation BIMCO.  Contracting was already down before the coronavirus outbreak, a trend that has only worsened as the outbreak … Continue reading Newbuild orders slide 55% in Q1