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New ship orders sink as fear of future economic crisis grows

from American Shipper

What will the next decade bring for the notoriously unpredictable world of ocean shipping? The bull case is that shipyard orderbooks have fallen to multi-decade lows because owners don’t want to buy 25-year assets until they know the decarbonization rules. As regulatory risks continue to artificially constrain orders, cargo demand growth will outpace vessel supply. Rates will surge. more

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