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Under the presidency of Mrs Sadan Kaptanoglu, the BIMCO Board of Directors has approved the nomination of Mr Nikolaus H. Schües, CEO of Reederei F. Laeisz (Germany) to stand for election as the next President Designate of BIMCO in 2021, succeeding Mrs Sabrina Chao, Chairman of Wah Kwong Shipping Holdings Limited (Hong Kong).
The activity was limited in the newbuilding realm. It seems that the Christmas period lull has affected contracting activity as only two orders came to light during the past days. 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.
During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition.
After just one week break, activity in the new building market has resumed with a plethora of contracts appearing on the market. The majority of deals concern container units while despite the fact that no fresh tanker deals came to light during the past week, interest in the clean tanker sector was vivid in the secondhand realm. 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.
