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Record recycling activity stirs optimism in dry bulk

21 September 2011

In absolute numbers, 2011 is going to be the new Number 1 in terms of the greatest amount ever of dry bulk tonnage leaving the fleet to be recycled. We are on course for more than 20 million DWT to be demolished, with the potential of reaching 25 million if owners continue to be attracted by the relatively high demolition rates and freight rates fail to improve significantly through the remainder of the year.

Dry Bulk Shipping - New orders are still inked at high pace. 2012 is now set to be the biggest delivery year of them all at 88 million DWT

10 October 2010

Following the summer dip where Capesize was hit badly, dry bulk freight rates have once again bounced back like a tumbler. Capesize rates are back at year-to-date average around USD 30,000 per day. Capesize freight rates are moving like a heartbeat, but at lower and lower pulse levels and going deeper and deeper as more vessels enter the market. In spite of remaining inefficiencies in the supply chain, slow steaming, and continued strong demand for raw materials going forward, the big ships are in for a fundamental imbalance between supply and demand.

Cargo

20 April 2020

The information contained in the cargo databases is provided for general guidance and information purposes only. Whilst every effort is made to ensure that the information contained in the database is accurate and up to date, BIMCO does not warrant, nor does it accept any responsibility or liability for the accuracy or completeness of any of the content of the database or for any loss or damages which may arise from reliance on the information contained in the cargo databases.