The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the newbuilding orderbook demonstrates a measured 3% year-on-year increase, standing at 126 million compensated gross tons (CGT).
With shipbuilding production experiencing a substantial 10% year-on-year boost, reaching 35 million CGT, a noteworthy milestone has been achieved: China now contributes to over 50% of the total output for the first time in history.
