In 2011, about 30 MR product carriers were reported to have been ordered mainly to South Korea's shipyards.
Despite a downward trend of current shipping market, shipowners appear to resume orders with bottomed ship price and operation of large oil companies.
In this year, Greek shipowner, Thenamaris placed new orders for MR PCs to STX Offshore & Shipbuilding, Scorpio Tankers of Monaco and Samos of Greece to Hyundai Mipo Dockyard, and other shipowner from Europe to SPP Shipbuilding.
Lower newbuilding price is analyzed to mainly cause new order, down 30% to $35m-$38m from $50m before Lehman Shock.