From October 2025 to June 2026, at least 52 newbuilding orders have been reported in the multipurpose, breakbulk, heavy-lift, and open-hatch vessel segments, with the potential pipeline exceeding 80 vessels when including options and preliminary agreements. The orders span a wide range of tonnage, from 7,000 to 65,000 DWT, covering small to large multipurpose and heavy-lift vessels. Key industry players involved include G2 Ocean, Jumbo, BigLift, COSCO Shipping Specialized Carriers, and others. Chinese shipyards such as Yangzhou New Dayang, Dajin Heavy Industry, and Nantong Xiangyu are central to this wave of orders. The surge is driven by an ageing global fleet, limited replacement orders in recent years, and rising demand for project cargo and energy equipment transport. New vessels feature advanced designs with heavier lifts, stronger decks, and future-fuel readiness, signaling a structural renewal cycle in the multipurpose vessel sector.