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Shipping: After four years, new orders flood in
Jun 09: The list of new building shipping orders surfacing in ship building yards across the world during the past days has been overwhelming and is reminiscent of busier periods the industry was enjoying about four years ago.
8Yet the price levels are not seeing a big increase as competition among shipbuilders remains fierce, thus not allowing newbuilding values to move accordingly.
8In terms of recently reported deals, Estonian owner, Platano Eesti, placed an order for two firm and one optional mini-Capes (108,000 dwt) at Shanghai Shipyard, in China for a price in the region of $35 million each.
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