Greek-domiciled owners are far and away the biggest investors in newbuildings. The order backlog currently stands at 157 vessels aggregating slightly over 19.68 million dwt, showing a dramatic fall from a year ago when the respective totals were 248 totalling slightly below 28.8 million dwt. The respective newbuilding investment total is US$9.7 billion, down from US$16.15 billion a year ago. Some cancellations occurred, but mostly owners preferred to opt for vessel type changes, notably LNG. Som....

Please login to read the rest of this story

Or click here to subscribe:

<< back