Newbuilding Price Expected to Rise

Source:http://en.eshiptrading.com
2011.08.11
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Industry analysis shows that price of new vessels gained slight increase since July. Daewoo recently secured a new order for four LNG carriers from George Ecomnomou at $212.5m, 10% higher than the former order.

In addition, the average price of containership in July stood at $94.5m per vessel, increasing by 2.2% compared with the same period of last year.

Despite of the rocketing demand for new vessels, prices were still not so good. Recent rising material price would further make the condition worse. Insiders are all expecting the significant price rise.

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