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Dry bulk moving in the right direction

Despite the recent shower of new orders of more fuel-efficient tonnage, the development in the much-tried dry bulk industry is going in the right direction, Bimco writes on Wednesday in a new analysis.

Photo: Stena Bulk

In regards to the order books, the development in the much-tried dry bulk industry is moving in the right direction despite the recent shower of orders for more fuel efficient tonnage, Bimco writes in the organization’s Shipping Market Overview & Outlook, June 2013, published on Wednesday.

During the last ten weeks, the number of newbuilding orders in the book has dropped from 1,599 to 1,548. Finally, on the ordering side, interest in Capesizes remains strong, with 62 new orders in 2013. A total of 18 million DWT has been ordered in 2013 so far. In the months of March and April, new orders were placed for more than 4.5 million DWT each month.

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