Shipyards worldwide have seen newbuilding contracting at the lowest level since the 1990s, Bimco has said.
It projected that shipbuilders will become the next victim of deteriorating conditions in the dry bulk, container and offshore markets.
Peter Sand, chief shipping analyst at Bimco, said: “Since the high contracting in 2013, Bimco expected the shipyards could come under pressure.
“This expectation became a reality at the start of 2016, with Q1 contracting the second lowest compensated gross tonnage (CGT) in 20 years.”
Japanese
