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Intermodal: 1,677 new dry bulk vessels in 2012

1,677 new bulk carriers or what corresponds to a very big part of the global order book will be delivered this year. "Several Chinas" would be demanded in order to match the large supply of dry bulk ships, Hellenic News reports in an overview of the growth in the different sectors.

The overcapacity in the dry bulk market is so large that even China in its best years would not be able to keep the pace of the dry bulk vessel supply. In fact, it would demand “more Chinas” if demand was to match the present fleet of bulk carriers, as some analysts have said according to Hellenic Shipping News.

Some consider the shipyards’ order books as being alarmingly high and according to the broker agency Intermodal Shipbrokers, 1,677 new dry bulk carriers will be delivered in 2012. That is a very big percentage of the global order books which made up 2,375 carriers corresponding to 200 million dwt at the turn of the year.

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