Newbuild Orders Drop during H1 2017

Newbuild orders for tankers and bulkers have increased during the first half of 2017, though overall the number of orders placed in all vessel segments has more than halved when compared to the same period in 2015, according to VesselsValue.

The most glaring example is in the offshore vessel sector: 50 offshore vessels were ordered in H1 2015, compared to zero orders during H1 2017.

Similarly, orders for newbuild containerships, LNG carriers and LPG carriers declined respectively from 90, 26 and 18 in H1 2015 to 10, 4 and 16 in H1 2017.