Highest Ship Contract Recorded Than Any Q1 Since 2008

Banchero Costa reporting that more newbuilds were contracted in the first three months of the year than in any Q1 since 2008, says an article published in Splash247.

ClarkSea index

The ClarkSea Index, a weighted average of tanker, bulk carrier, containership and gas carrier earnings managed by Clarkson Research Services, averaged $17,461 a day in the first quarter, the best Q1 average since 2008.

In the first quarter, the index, seen as a key shipping barometer, benefitted in particular from...

https://mfame.guru/highest-ship-contract-recorded-than-any-q1-since-2008/

Growing Container Ship Building Business, A Fact File

  • It has long been argued that shipowners are abstaining from orders because they fear future decarbonization rules won’t grandfather in today’s carbon-emitting newbuild designs.
  • What’s happening now in container shipping implies that owners can overcome this fear if returns look high enough.
  • Turns out, when things are good, people will still order even if they are concerned what type of fuel to use.

A recent Freight Waves news article written by Greg Miller reveals that the new containership...

https://mfame.guru/growing-container-ship-building-business-a-fact-file/

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