In a client briefing Erik Nikolai Stavseth, an analyst at Arctic Securities, argued that the collapse of more Chinese shipyards will likely take a toll on newbuilding prices.
“We see the fact that yards are not only restructured, but actually liquidated as a positive,” he told investors Tuesday.
“Although yard capacity remains stubborn, the demand for commodity shipping has abated over the past 12 months and we would not be surprised to see more yards entering difficulties.
“This
