Splash 24721 Aug 2026AI generated
The global shipbuilding orderbook is growing 27% year-on-year, the fastest pace since before the 2008 Lehman collapse, as owners add tonnage to offset disrupted routes.
- Contracting volumes are tracking the ordering boom of 2007
- Panama faces fresh drought restrictions with El Niño to the fore
- Suez traffic recovering tentatively; Houthi and Somali pirate threats persist
- Owners cite detours, sanctions and longer tonne-miles as demand drivers