On the wires: Is the ship-ordering bonanza moving into dangerous waters?

Ordering new ships has been an activity heavily freighted with peril over the last decade or so. Carriers have generally been highly wary of new tonnage since the fall-out from the global financial crisis, when an unprecedented decline in volumes coincided with a surge in new ships hitting the water.
It created a structural overcapacity in the industry that took years to recover from, and indirectly led to the bankruptcy of …

The post On the wires: Is the ship-ordering bonanza moving into dangerous waters? appeared first on The Loadstar.

Source: The Loadstar

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