Around 45% of global shipyards will run out of orders after 2012, Deutsche Bank forecasts.
At present global commercial ship newbuilding orderbook stands at only 17% of the existing fleet, way down from 47% at the peak in 2008.
Deutsche Bank expects 45% of the world's shipyards to have no newbuilding work by the end of this year.
The bank also said that shipowners are expecting further decrease in newbuilding prices as competition grows among order-hungry yards.
Published : October 26, 2012