Surging Ocean Cargo Demand Fuels $10b Spree for New Vessels

  • Trend to continue as carriers eye replacing older vessels.
  • Order book rebounds from a more than 30-year low in 2020.

Few of the world’s largest container-shipping lines are ordering new vessels amid surging demand for ocean-cargo services, giving a long-awaited boost to the outlook for shipyards in Asia, report Bloomberg.

Surge in container vessel orders

The number of container ships on order rose by 23 to 201 last week, the biggest weekly gain in two years, according to IHS Markit data compiled...

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.