The number of new ship orders may be dropping in 2022, but owners have still spent the same amount as last year, Clarksons Research figures show.

The research arm of the London-listed shipbroking group said the bill for shipyard contracts stands steady at $100.8bn so far this year.

“This comes despite softer ordering overall, with total spending…supported by elevated newbuild prices, firm ordering for higher-value vessel types (e.g