Shipping: Is the new building market in revival mode?
May 04: The newbuilding shipping market has seen an upsurge in orders in the past few days. 8So is a revival around the corner? 8Tanker ordering, which has plunged 40% in the first four months of the year seems be picking up of late. 8Owners are reported to be warming up to the idea of new builds. 8Specific details are not available but Singapore based Sentek Marine, placed an order for two firm and two optional VLCCs (300,000 dwt) at Hyundai Samho, S. Korea. 8The price is reported to be around $80 million. 8Get details of new building, second hand and demolition sales orders in the past week from around the world. Click on Reports for more