Contracting activity in 2016 fell to its lowest level in over 30 years in numerical and tonnage terms, according to data from Clarkson Research Services.
“The 480 vessels reported ordered in 2016 represent the lowest level of newbuild contracting in over 20 years,” the shipbroker said.
While ordering in the containership and tanker sectors declined, the 48 and 46 vessels that were contracted in the bulker and offshore sectors respectively in 2016 represented record lows.
