The bull run on containership newbuildings is set to continue as a hike in vessel prices is attracting an increasing number of shipyards to the booming sector.
According to brokers in the Far East, boxship newbuilding prices have increased by 5% in the past few weeks and by more than 20% in the last year.
Not only are prices rising but yards are now seeing improved terms, with owners committing to higher upfront payments.
