Andi Case believes newbuilding activity is set to increase, but the Clarksons chief executive does not expect a wave of new activity to disrupt the overall recovery across the industry.

Speaking after Clarksons reported an increased first-half profit today, Case said he also thinks higher rates will be a game changer in raising investor interest and capital markets activity.

Shipyards experienced a challenging first half in 2019, with limited activity in both tanker and dry bulk markets and a slowdown in fresh LNG contracts.