Deutsche Bank: Bulk crisis will force carriers to scrap

The dry bulk industry is headed toward an even darker period, and the stage thus looks set for a significantly higher rate of ship scrapping in 2016 than last year, estimates Deutsche Bank in an analysis.

BY KATRINE GRØNVALD RAUN

It can be very briefly stated: A historical downturn requires a historical amount of scrapping. This is the assessment in a new analysis from Deutsche Bank's shipping analysts, who have taken stock of last year's shipbreaking rate and now looks ahead to this year's prospects.

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Deutsche Bank: Bulk crisis will force carriers to scrap

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Spot prices for container freight continue to rise

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Jobs