ShippingWatch

Strong activity in new dry bulk orders

Heavy activity in new dry bulk contracts in the last two months, says Bimco. Fleet growth could reach six percent in 2013.

Photo: Star Bulk

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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