Despite most of Europe being on summer holidays, a high newbuilding activity has been reported in most segments. There have been several orders for Capesize bulk carriers as well as VLCCs and Suezmaxes.

It is also worth mentioning Sea Fortune's contract for 20 Fortune s supramax bulk carriers at Jiujiang Yinxing. In the container market there are a few large orders, in a market which have been rather quiet so far in 2008. Prices are continuously firming.