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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs