Newbuilding ordering activity held firm, with a flurry of new orders surfacing during last week. As we have previously noted, owners' insatiable hunger for LNG vessels holds steady with a healthy number of vessels ordered every week.
Newbuilding contracting activity was steady during the past days. In the tanker realm, Euronav returned to DH Shipbuilding for the construction of two Suezmax vessels.
The global XSI ® increased by 3.9% in Feb-2022 to 247.76 points. This month-onmonth rise reverses the decline reported in January and ensures the benchmark is 87.9% higher than the equivalent period of 2021. Since the end of last year, the index has appreciated by 0.2%. The monthly containership report discusses recent containership freight rate movements and market developments. Brought to you by Xeneta.
In the newbuilding segment, orders surfaced across almost all sectors, with crude orders once again abstaining from the newbuilding list after the recent MOL and Euronav contracts.
Last week newbuilding market was muted regarding the dry and the wet sectors, while firm shipbuilding activity came to light from the LNG and the container segments.
The shipbuilding activity bounced back last week. A plethora of newbuilding orders were placed with emphasis on container vessels, followed by LNG carriers.
The newbuilding market continues to see healthy ordering activity, with containers orders once again holding the lion’s share among recently reported deals. The newbuilding market activity was in line with the course that we have been witnessing since the start of the year. Crude carrier units were missing for another week while LNG and container deals were present as always despite the increasing newbuilding prices.
The newbuilding market activity remains healthy for another week. The presence of Container orders remains strong, gathering the largest share of last week’s surfacing deals. The newbuilding market activity was in line with the course that we have been witnessing since the start of the year. Crude carrier units were missing for another week while LNG and container deals were present as always despite the increasing newbuilding prices.