Newbuilding prices are expected to continue rising in the coming years due to the imbalance between supply and demand, according to shipbroker BRS.
Extensive restructuring has seen the number of active yards fall from 651 in 2008 to 357 in 2018.
That comes at a time when yard orders could increase after 2020, as new vessels will be needed to replace the non-eco fleet and it will be difficult for closed facilities in Japan or South Korea to restart.
