Newbuilding orders dropped to record lows in Q2 2019. VesselsValue’s Head Cargo Analyst, Olivia Watkins, reviews which yards have received orders and which vessel types have been popular purchases.
Bulkers
The total number of bulker newbuild orders is down 73% for the first half of 2019 compared to the same period in 2018.
So far this year, Panamaxes have been the most popular size to order with an interesting order placed by Klaveness Combination carriers for two Panamax CABUs (83,600 DWT, 2020, Jiangsu New Yangzijiang) which will increase the global fleet to a total of 19 Caustic Soda/Bulk carriers. 17 of these are owned by Klaveness.