Shipbuilders have bumped up their newbuilding prices by about 15% on the back of soaring steel prices and limited berth availability — with the cost of a VLCC now topping $100m.
Brokers said the main South Korean yards have increased prices from around $85m last autumn, while aframax tanker prices have jumped from less than $45m to nearer $53m.
On the bulker side, newcastlemaxes are up from low $50m levels to the high $50m range in recent negotiations, while kamsarmax tonnage has risen from the high $20ms to between $33m and $34m at Japanese yards.Steel
