Ship&Offshore | Issue 04/2018
Highest level of newbuild deliveries expected
Singapore-based owners are set to take delivery of the highest number of vessels on record yet by the end of 2018, as reported by data provider Vessels Value. The previous record was in 2008 at the peak of the asset value spike. A large number of market participants have placed orders for a wide variety of ship types, and the chart above includes all major vessel segments from offshore to VLCCs. There will be some slippage in these planned orders as market weakness persists in the tanker and offshore segments, but even when this is taken into account, 2018 should be a bumper year, Vessels Value noted....