Bulk

Wave of newbuilds hovers as dark cloud over strained capesize

A surge in scrapping activity is not enough to compensate for the wave of new capesize ships that is finding its way to the already-strained market for the large dry bulk vessels, warns shipping association Bimco.
Photo: Songa Bulk
Photo: Songa Bulk
by SIMON VALEUR

Capesize has been severely strained since the disaster in a Vale mine in early 2019, but now shipping association Bimco warns that there are more fundamental problems in store.

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