BIMCO: More dry bulk newbuildings in Q1 2012 than expected

The amount of dry bulk capacity added to the market in the first quarter of 2012 is almost a record high.

The first three months of 2012 saw the construction of dry bulk ships for a total capacity of 24.2 million DWT, which is close to the record set by the first quarter of 2011, which saw the delivery of 24.4 million DWT, says a report by BIMCO.

This has made the active fleet grow by approximately three percent in 2012, in which 288 vessels have been launched, while vessels for a total of 6.9 million DWT have been scrapped.

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