Intermodal: 1,500 dry bulk orders but bottom is reached

2013 seems more and more likely to become a year in which dry bulk companies will just have to make sure they stay afloat to benefit from better times which are expected to kick in subsequently . Intermodal agrees.

A high number of orders in 2013 followed by a possible improvement in the dry bulk market as a significantly lower number of ships are on the orderbooks and as the growth in the global economy is expected to increase.

Most recently, the Greek broker Intermodal points to today’s dry bulk orderbook standing at 1,500 vessels. And although close to 1,000 ships were delivered in 2012, the final net growth of the dry fleet was “only” 580 vessels representing a 7 % increase of the fleet or 10 percent in terms of deadweight.

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