Shipyards
Shipyard orders at lowest level since the 1980s
Shipbuilding orders in the first ten months of this year have dropped to levels not seen since the 1980s, according to Clarksons Research.
From January to October this year, global newbuilding orders recorded 359 vessels of a combined 24.8m dwt (9.6m cgt), showing a 73% year-on-year decrease in dwt terms.
As of the end of October, Clarkson’s newbuilding price index stood at 124.0 points, down by 6.1% year-on-year. Orders in the first 10 months totalled just $29.5bn, down 60% on the same period of 2015 – and cruise orders accounted for around half this total.