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
BY TOMAS KRISTIANSEN

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.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading