Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 09 AUGUST 2022

Shipbuilding Surge – One For The (Order) Books

Reed Smith (Worldwide)
Explore more from Reed Smith (Worldwide)

While some shipyards struggled to stay afloat during the initial outbreak of COVID-19, the post-pandemic environment is predicted to usher in an encouraging era for shipyards' orderbooks.

United KingdomTransport
Susan Riitala
Susan Riitala
Celine Collis
Celine Collis
Author LinkedIn connections

While some shipyards struggled to stay afloat during the initial outbreak of COVID-19, the post-pandemic environment is predicted to usher in an encouraging era for shipyards' orderbooks.

In 2020, orders for containerships fell to their lowest number in a decade and dry bulk and tanker orders experienced similar slumps. Both 2021 and 2022 saw an uptick in orders and shipping analysts now predict that 2023 will again see high levels of orders across all sectors, raising concerns of a potential oversupply. Demand for newbuilds is such that many shipyards are finding it increasingly difficult to accommodate new orders.

Impact on financing

The enormous order book predicted for 2023 begs the question: where is the capital coming from to finance all these newbuilds?

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

A Guide For Businesses Considering Self-driving Fleets

Self-driving vehicles could transform commercial fleets, but the UK's new Automated Vehicles Act 2024 creates a complex regulatory framework that redistributes legal responsibility between fleet operators, vehicle occupants, and automated driving system providers. Before committing to significant investment in automated cars, vans, HGVs or passenger vehicles, general counsel and procurement teams must understand what the technology is legally authorised to do, who carries each responsibility
United KingdomTransport
Weightmans LLP
Weightmans LLP
Article

Supply Chain Market Update: Rates Hold High As Trucking And Air Stay Tight While Ocean Shows Early Signs Of Stabilizing

Transportation rates remain elevated across all major modes as capacity constraints persist in trucking and air freight, while ocean markets show early signs of stabilization following inventory front-loading activity. Despite some moderation from peak levels, rates across global shipping, air cargo, and North American trucking continue to run significantly above prior-year benchmarks due to ongoing network disruptions and structural capacity limitations.
United KingdomTransport
AlixPartners Asia LLC
AlixPartners Asia LLC