Ordering activity has accelerated sharply in recent months, highlighted by a surge in Dec’25 alone (18 units ordered). As a result, the orderbook-to-fleet ratio has climbed to 26%, its highest level since 2019.
Once delivered in 2026–27, these vessels are expected to help absorb incremental tonne-mile demand linked to a pipeline of mining projects in Guinea, starting with Simandou.
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