Shipbroker: Hundreds of new bulk vessels in 2016

Several hundred dry bulk vessels will be delivered from shipyards in the remaining months of 2016. At the same time, yards are offering low newbuilding prices in order to lure in customers to place orders in a miserable market, writes Allied Shipbroking.

Photo: PR-foto

By 2018 at the earliest the hard-pressed bulk market will be able to look forward to a gradual improvement in the global shipping industry's indisputably hardest-hit sector. Figures from Athens-based Allied Shipbroking show that 496 bulk vessels are still waiting to be delivered from yards in the remaining months of 2016, after 372 newbuildings were already delivered in the first seven months of the year.

Although the number of new vessels in the last months of the year will likely end up lower due to postponements and cancellations, the figure is still alarmingly high, and the number of newbuildings will not decline for real until 2018.

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