The shipbuilding sector is set to remain subdued for the next few years, say analysts. Photo: Shutterstock The shipbuilding sector is set to remain subdued for the next few years, say analysts. Photo: Shutterstock
The shipbuilding sector is set to remain subdued for the next few years, say analysts. Photo: Shutterstock

Global shipbuilding orders sink to 20-year low as industry grapples with new environmental rules, Covid-19 crisis

  • Ordering new ships is now the lowest priority for shipping companies as the pandemic has hit economic activity and supply chains
  • Fewer orders and slower fleet growth are likely to bolster shipping rates

Topic |   Coronavirus pandemic
The shipbuilding sector is set to remain subdued for the next few years, say analysts. Photo: Shutterstock The shipbuilding sector is set to remain subdued for the next few years, say analysts. Photo: Shutterstock
The shipbuilding sector is set to remain subdued for the next few years, say analysts. Photo: Shutterstock
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