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The newbuilding market is beginning to quieten as we approach the final weeks of the year. However that is not to say that all activity has ceased and we have continued to see new business being concluded in various sectors including the LNG and car carrier sectors. The availability of financing and the evolution of the global economy will continue to sway market activity into 2013. As things stand, there remains a great deal of uncertainty over how markets will progress after what has undoubtedly been a challenging 2012 from both a newbuilding and a chartering perspective. The niche sectors are likely to continue to play an important role in the development of new business for the yards. However, there may also be renewed interest in the conventional sectors, as some owners may increasingly look to take advantage of the very latest designs as well as pricing that looks 'historically competitive'.