Oldendorff: Surge in newbuildings derail bulk rebound
Henning Oldendorff, Chairman of one of the world's largest dry bulk operators, estimates that far more dry bulk newbuildings were ordered in the first half of 2013 than in 2012 as a whole.
BY OLE ANDERSEN
The flood of newbuildings and the slowdown of economic growth in China could derail a rebound in the dry bulk industry and trigger several bankruptcies, warns the head of one of the world's largest dry bulk operators, Henning Oldendorff, Chairman of Oldendorff Carriers, which includes around 400 owned and chartered ships.
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