And, with the three vessel-sharing alliances upgrading Asia-North Europe loops to accommodate the delivery of newbuild 24,000 teu ultra-large vessels, it is difficult to foresee any uptick in spot rates over the coming weeks.

Source: https://gcaptain.com/liner-bear-market-looms-as-rates-continue-to-tumble/

It also found applications for newbuild homes lodged in the second quarter were just 2061 — the lowest quarterly figure recorded since 2010 when the data was first available.

Source: https://www.standard.co.uk/business/london-planning-approvals-lowest-2008-red-tape-housebuilding-interest-rates-costs-homes-houses-b1106155.html

They are performing well, which is encouraging for the broader newbuild program.

Source: https://seekingalpha.com/article/4596557-nabors-industries-ltd-nbr-q1-2023-earnings-call-transcript?source=feed_all_articles