Asset Price Inflation: Newbuild spend for Vehicle Carriers (LCTCs / PCTCs / PCCs) smashed past $3.2 billion last week, following big volume orders from Eastern Pacific and Zodiac. An astonishing amount of money for a niche sector, exceeding the previous 6 years total combined. If we include options, a whopping $4.4 billion has been agreed year to date. Japanese shipyards have raised tariffs to $100 million for dual fuel LNG 7000 CEUs, up by a staggering $10 million compared to last year.
Chinese...