Drewry: Half of the older Capesize ships must go

The overcapacity in the dry bulk fleet - the root of the severe crisis in the industry - could be gone within a few years if carriers were willing to pull vessels out of the market. Half of the global fleet of Capesize vessels over 12 years old must go, says Drewry.
Photo: PR-foto
Photo: PR-foto

After the first ominous signs from the dry bulk industry in 2016 of impairments and expectations of great losses in 2015, UK-based Drewry has projected how much tonnage needs to be removed from the market in order to recreate a profitable balance.

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