# Ship orders collapse; will rate boom follow? - FreightWaves

> 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.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/52322-ship-orders-collapse-will-rate-boom-follow-freightwaves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/ship-orders-collapse-will-rate-boom-follow

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.