The October issue of Splash Extra leads with data showing that newbuild prices have peaked, news that will be studied carefully by shipowners around the world who have been holding back from ordering over the past couple of years.
Clarksons Research data shows prices peaked two weeks ago, while rival broker Arrow suggests the downward correction started last month.
“We’re now seeing the first signs that newbuilding prices are plateauing and in some cases, they have already started their descent,” commented Adam Kent, the managing director of British consultancy Maritime Strategies International (MSI).
Over the course of next year, MSI is forecasting newbuilding prices will drop on average around 10% of their value versus their end-2022 position.
Elsewhere in the subscription title, there’s regular markets commentary, a look at what’s driving the S&P markets this month, while this issue’s in-depth feature highlights the under-reported issue of shipyard waste, with speculation growing that the newbuild phase of a ship’s life will soon be added to shipping companies’ overall emissions output.
Published on the last Wednesday of every month and priced for as little as $200 a year, Splash Extra serves as a concise monthly snapshot, ensuring readers are on top of where the shipping markets are headed. For more details on Splash Extra subscriptions, click here.
