Ordering activity is picking up and according to latest statistics a total of 48 orders have been placed so far this year. 14 vessels were reported ordered in May alone followed by 7 so far in June. However, it is worthwhile to mention that many of the declared orders this year are actually Tier II orders with a keel laying date prior 1st of January 2016. We estimate that around 30 among the 48 orders are Tier II. This year’s orders have seen cash-rich, private buyers taking advantages of the low prices as yards try to attract new business.
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