31 August 2025 | 7:03PM HKT Global Shipbuilding: A prolonged upcycle with two stages Global shipbuilding industry has experienced a four-year order-surge period until 2025. The market is today concerned that the orderbook may sequentially retreat on declining profitability of container shippers given oversupply and tariff uncertainties. We believe decarbonization and replacement for aging fleets will be the key drivers of this upcycle which we see lasting until 2032E, with newbuild price support from limite ...