Newbuilding prices are set for another dramatic increase on the back of inflationary pressures and strong demand for new ships.
Shipyard managers in the Far East said they are gearing up to increase vessel prices further to cope with higher material costs, a labour shortage, global inflationary pressures and limited shipbuilding berths.
Yard prices are already at a 13-year high with the Clarksons’ newbuilding price index at its highest level since 2009.
