Newbuilding Orders Going Strong

AI Summary

The shipbuilding market continues strong with robust newbuilding orders, especially for tankers and container ships. Notably, Hong Kong-based Cido Shipping placed an order with a Hyundai Heavy Industries subsidiary yard in the Philippines for four vessels.

The newbuilding market has retained its strong momentum over the past week. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding market remains hot even this week, with tankers and containers again under the spotlight; Hong Kong based Owners Cido Shipping booked and order to Philippines subsidary yard of Hyundai H.I. For 4x ...