Why shipping isn’t panicking over swollen orderbooks

Traditionally in shipping, alarm bells tend to ring for investors when the orderbook-to-fleet ratio of a sector goes above 30%. For certain segments today, notably LNG, LPG and megamax containerships, that ratio is at record levels, and yet analysts contacted by Splash Extra for December’s lead story are generally sanguine about this tonnage overhang.  Analysts …

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