Newbuilding Activity Still Strong

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Ship owners have kept investing in more newbuildings over the past week. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding activity remained active this week, with contracting spread across the dry bulk, tanker and container sectors. In the dry bulk sector, Uni-Asia Finance reportedly contracted 2x 40,000 dwt bulk carriers at Imabari, …

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