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Vessel deliveries typically slow down towards the end of the year. If shipowners wait a few weeks, allowing the delivery to slip into the new year, the vessel is considered a whole year younger. Many sectors can expect a higher proportion of the order book to hit the water in future years.

Japanese shipbuilders received export order s for a total 536,000 gross tons or 18 vessels in June, down 46.9% year on year but up 7.1% from May, Japan Ship Exporters’ Association data showed.