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Global ordering activity has fallen to 26-year low in January 2017, shipbuilding data from Maritime & Trade by IHS Markit show. Specifically, demand for bulk carriers and gas carriers has plummeted as there were no booked orders in January. The appetite of shipowners for tankers over 10,000 dwt has also subsided as there were only 6 recorded orders. This is much lower when compared to figures from 2016, which was an already dire year for newbuild orders, when 16 tankers were ordered.

In figures not seen since January 1991, IHS Maritime and Trade shipbuilding data recorded a fall in vessel orders last month.