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CANSI: Global shipbuilders to see more new orders in ‘20

The China Association of the National Shipbuilding Industry (CANSI) expects the global shipbuilding sector to slightly recover this year and that order volumes of new vessels globally will increase to 75-90 million dead weight tonnes (dwt), mainly thanks to the predicted uptick the world economy, the easing of trade friction and the implementation of new rules on sulfur emissions for ships.
According to the association’s latest release on January 22, the delivery volume of new vessels is expected to hit 100 million dwt for 2020, and the backlog of new orders would amount to 170 million dwt. In 2019, new vessel orders won by shipbuilders worldwide totalled 65.3 million dwt, while shipyards

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