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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Oldendorff: Surge in newbuildings derail bulk rebound

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Oldendorff outperforms Rio Tinto and Cargill on bookings

Fearnley: Unusual number of bulk ships ordered

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Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs