Prices for building ships are rising

The cost of newly built ships is increasing due to stricter environmental regulations in shipping.

Prices for building new ships are rising. Despite the increase, the number of orders at shipyards is increasing. Business Korea writes about it.

In the second half of 2023, mainly, an increase in the pace of orders for gas carriers is expected. This is due to the increase in exports of the energy carrier from the USA and Qatar.

At the same time, the introduction of stricter environmental standards in shipping leads to an increase in demand for replacement of obsolete ships.