Half of the global order book is currently dominated by container ships + LNG carriers

LNG carriers + container ships dominate global orderbook : Some 50% of the global ship orderbook is contracted for LNG carriers and container ships , Splash reports,citing recent data by Clarkson Research. The amount of LNG orders alone are equivalent to 53% of the world’s existing fleet, while tanker orders are equivalent to just 5% of the existing fleet. Not helping things is the lack of shipyard capacity, which is still 35% lower than its peak in 2011 — despite the orderbook standing at 3.5x last year’s output, according to the data. This presents a huge challenge for tanker and dry bulk vessel owners with fleet replacement programs as they face lengthy wait times and elevated prices.