SHIPYARDS are feeling the pinch of slowing global trade and massive overcapacity, particularly in containerships, as 2016 will apparently set a record for the least number of new shipbuilding contracts in more than 20 years, according to a new report by maritime analysts BIMCO.

The firm pointed out that shipbuilding contracts declined from 2010 to 2012 in the wake of the global financial crisis, but rebounded in 2013 and were expected to stabilize over the next few years.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details