With a rate increase of 425 percent in 2015 for the large tankers, VLCCs, the pressured dry bulk shipowners must admit that they are in the wrong shipping market, and will presumably be there for a while.
From a miserable starting point already at the beginning of 2015, rate drops vary for the different dry bulk types from around 29 percent to about 47 percent, while the decline in the ship values are in the rage of 27 percent to about 30 percent, according to an overview from the Greek-based broker agency Allied Shipbroking.
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