The oversupply in the dry bulk, tanker as well as in the container business gives people a much slower picture of newbuilding activity of 2012. Beside, the growing financing pressures for many shipyards especially from Europe are making the predication worse.
Seen from the recent market report from Golden Destiny,  as the year draws to a close the newbuilding market seen slower activity in the last week, especially in the dry bulk and tanker markets.
According to the shipbroker, totally 18 new ordered were reported concluded worldwide with a tonnage of 454.600 dwt, 49% down week-on-week. The combined contract value is estimated at $656m.