Dry bulk carriers lost billions of dollars in 2015

The most prominent listed dry bulk carriers multiplied their losses in 2015. Three carriers in particular are at the forefront of this massive downturn.

Photo: Scorpio Bulkers

Several of the most prominent international dry bulk carriers have been bleeding cash in 2015 after a year in which billions of dollars were lost in huge deficits, which have in turn triggered major fleet impairments.

A review of the carriers' 2015 annual reports, performed by ShippingWatch among a series of the largest listed dry bulk carriers as well as Denmark's J. Lauritzen, shows that the total of 13 companies have lost USD 3.2 billion. This is almost three times as much as the same carriers lost in the previous year.

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