Dry bulk market sees biggest influx of ships since 2016

New ship tonnage entering the dry bulk market this year reached the highest level since 2016. For one segment in particular, 2020 has been a very turbulent year, resulting in rates far below operating costs right now.

Photo: Arkivfoto/Ritzau Scanpix/AP/Roslan Khasawneh

The dry bulk market has this year seen the highest influx of new ship tonnage in the past four years.

Up to and including November this year, the yards have delivered new dry bulk ships for a combined capacity of 42.2 dwt, according to a new analysis from Bimco.

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