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Global shipping market-II: New building market fails to revive
Dec 02: The length of the newbuilding orders coming to light during the past days is certainly reflecting signs of life in the industry but, with some very few exceptions, neither the type nor the size of the respective vessels being ordered is generating signs of a market that is getting stronger fundamentally.
8At the same time, newbuilding prices continue to point downwards, further suppressing the profit margin of those builders that are fortunate enough to secure some business and who are at the moment appear to be forced to choose staying in business and continuing  operations over squeezing decent premiums on the respective new-building deals.
8The outlook continues to remain grim for the industry as of the moment.
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