ShippingWatch

Carriers ordering far more tankers and bulkers this year

The number of new dry bulk and tanker vessels ordered in the first half of the year has soared big-time – and this is far from what the sector needs, says Bimco's chief analyst in an update.

The low newbuilding prices at the world's shipyards are bad news for, in particular, the tanker and dry bulk sectors, in which carriers and shipowners are ordering far more vessels than was the case in the same period last year.

Newbuilding activity in the first half of the year is thus 20 percent higher than last year, writes Bimco, noting that 5.9 million dwt new tonnage were ordered in May, along with 3.1 million dwt in June so far.

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