Ship Orderbook Surges 27%—Fastest Growth Since 2008 Crisis

The global shipbuilding industry is experiencing its most rapid expansion in over a decade, with new orders growing at a 27% year-on-year rate. This marks the fastest increase since the 2008 financial crisis, according to data from Clarksons Research. While the active merchant fleet expanded by just 4% to 117,022 vessels—totaling 1.8 billion gross tonnes (gt)—by early August, the backlog of new ships on order grew at nearly seven times that speed. The current orderbook now stands at 9,012 vessels, amounting to 405.9 million gt. This figure is 70-75% higher…

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