The crude tanker orderbook stood at 627 vessels with a combined capacity of 146 Mn DWT at the end of September 2026, representing over 30 per cent of the current trading fleet.
Q3 orders comprised 69 MRs, 23 LR2s, eight LR1s and four Handies. Combining these, total new orders for product carriers this year have totalled 274, compared to 183 in the entirety of 2025. However, it is still below 2024’s tally of 395 contracts.
Dry bulk ordering activity softened further in Q3 2026, with orders falling to 60, or 7.34 Mn DWT in capacity, down 42 per cent q-o-q and 45.5 per cent on the year.
Despite the cooling momentum in the LNG newbuilding market in Q3, yearly ordering in 2026 so far remained strong at 14.3 Mn Cbm, compared to only 5.8 Mn Cbm in the entirety of 2025.
Although LPG newbuilding activity eased in Q3 2026 from Q2’s record high, ordering remained robust. A total of 31 LPG carriers, with a combined capacity of around 2.6 Mn Cbm, were contracted during the quarter, down 39 per cent q-o-q.
Between January and September 2026, 572 boxships were ordered, with a combined capacity of 4.3 Mn TEU, up 18 per cent from the same period last year.