In the past two months alone 136 new ships have been ordered in dry bulk, including 20 VLOC's (Very Large Ore Carriers), 16 Capesize and 24 Handysize vessels, and right now the contract activity for 2013 as a whole looks set to surpass the years 2011-12. But a declining fleet growth is still expected to continue into 2014, says Bimco in its Shipping Market Overview & Outlook, published Wednesday.
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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.