Rising deliveries of Capesize ships pose a threat to the already fragile market balance

Peter Sand

Rising deliveries of Capesize ships pose a threat to the already fragile market balance

Demolition of dry bulk ships in the first four months of 2019 was 120% higher than in the same period of 2018. Much of this increase comes from demolitions of Capesize ships, up from 1.1m DWT between January and April 2018 to reach 3.4m DWT in the first four months of 2019.

The 24 Capesize ships demolished this year, sailed away from the poor market conditions faced by these larger vessel sizes since...

http://www.allaboutshipping.co.uk/2019/05/01/rising-deliveries-of-capesize-ships-pose-a-threat-to-the-already-fragile-market-balance/