The coronavirus pandemic will lead global shipbuilding will slump by 10% over the next five years, compared with the last half decade, shipping analyst Maritime Strategies International (MSI) predicts.
MSI analyst Stuart Nicoll said that the loss of confidence and reduced vessel demands will chop contracting to just over 30m gt in 2021 and will wipe off 50m gt in aggregate newbuilding activity over the next five years.
