Orders for dry bulk newbuilds decline in 2019

Bulker shipping companies' orders for new vessels this year is currently at the second-lowest level since 2001, writes shipbroker Braemar ACM. The number of orders have dropped 30 percent compared to last year.

Photo: PR / Ultrabulk

Across the board, shipping companies are currently hesitant to order new dry bulk vessels.

A new report by shipbroker Braemer ACM shows that dry bulk shipping companies have so far only ordered 232 new vessels in 2019. This figure is 30 percent lower than at the same time last year.

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