2021: Shipbuilding at a low – 25 Jun 2021

82021 is setting out to cause the third-lowest level of newbuilding orders in 12 years, despite additional orders for containerships currently at a 14-year high, BIMCO forecasts

The trading world merchant fleet had a range of 74,505 ships over 11 main segments recounted by the BIMCO ICS Seafarer Workforce Report 2021, at the start of 2021. In the baseline scenario, the total fleet is calculated to reach 79,282 by the end of 2025

From 2021 onwards, BIMCO forecasts the fleet to have an annual compound growth rate (CAGR) of 1.25% in a baseline scenario until the spring of 2026, the CAGR for the previous five years is 1.44%