A smaller dry bulk fleet could be on the cards for 2021, should the existing trends and estimates materialize. In its latest weekly analysis, shipbroker Intermodal said that “we expect the rise in scrap prices amid the inflection of steel prices to multi-year highs to incentivize scrapping of vintage units (still more than 5.5% of …
The post More Scrapping, Fewer Deliveries Bode Well for the Dry Bulk Market in 2021 first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John