Shipyard Squeeze: Shipping’s $188B Ordering Spree is Overloading Global Capacity
The biggest vessel-ordering program since the eve of the global financial crisis is putting a squeeze on the shipbuilding industry’s capacity to construct new vessels.
COSCO-owned shipyards won $300 million in newbuild orders today from European and Asian shipowners to build one accommodation barge and seven bulk carriers.
The orders are detailed as follows:
COSCO (Zhoushan) Shipyard Co., Ltd
Additionally, the contract under the second option cited in the announcement dated 12 September 2013 to build one (1) 64,000DWT dry bulk carrier for a European company has been rendered effective. The bulk carrier is scheduled for delivery in 2Q2017.
COSCO (Dalian) Shipyard Co., Ltd
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