New ship ordering is on a downtrend in January-February 2013, compared with the same period in 2011 and 2012.
According to latest data from Clarksons, during the first two months of 2013, a total of 190 vessels were contracted, declined by 18% from 232 on the same period of last year, which further decreased from 536 contracted during the same months in 2011.
In January, 102 orders were contracted this year, compared to 144 in the same period of last year.
In February, a total of 88 newbuildings were booked, similar to a year ago figure.