Rebound Hopes for Shipping Industry A Distant Dream

Orders for new oceangoing ships are at record lows as carriers sit on the sidelines.
COVID-19 pandemic has left cargo carriers’ demand forecasts in tatters.
Shipyard executives in China, South Korea, and Japan are now in a high-stakes competition.
Interest in big container ships seen as fundamental to growing global trade is close to zero.
At $175 million each, LNG carriers are more expensive than other ship types.
Owners are looking to order large tankers as demand to move crude and petroleum...