Tanker Newbuilding Orders Pick Up, While Bulkers Dominate the S&P Market

Newbuilding activity has picked up over the course of the past couple of weeks, while the S&P market has been dominated, mainly by dry bulk carriers. In its latest weekly report, shipbroker Banchero Costa said that in the newbuilding market, “in the drybulk, a substantial order was placed by Chinese Owners Shandong Shipping for 4 …