The order backlog at South Korean shipyards has fallen to its lowest level in 10 years, according to data from Clarkson Platou. The nation’s shipbuilders had 28.44m cgt of orders as of end-February, the first time in a decade the backlog has fallen below 29m cgt.
Orderbook at Chinese shipyards shows the level of 36.79m cgt in the same period.
(Source: Splash24/7, 4 Mar 2016)
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The “Dry bulk trade and fleet update” is a monthly edition prepared exclusively for INTERCARGO Full Members by Mr Richard Scott (Managing Director, Bulk Shipping Analysis & member, London Branch committee, Institute of Chartered Shipbrokers)...
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