Newbuilding contracting is down an eye-watering 70% this year, compere Martin Stopford told the TW+ panel — not that they really needed reminding.
Shipyards produced 190 million dwt of tonnage at the peak in 2011, but are expected to roll out 103 million dwt this year before sliding down to 95 million dwt in 2017, according to Clarksons’ figures, Stopford said.
But
