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New data from VesselsValue and Alphaliner show 2020 newbuilding orders for tankers, bulkers and container ships are at historic lows. The container-ship orderbook has fallen to 9.4% of the fleet, and only 88 bulkers have been ordered year-to-date, 31% below last year's pace.
A thin newbuilding pipeline means fewer vessels will be available in 2021 and beyond, which supports higher freight rates over the medium term and higher shipping costs for feed ingredients.
freightwaves.comGreg MillerJul 29, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
