Dry Cargo Archive

June 22nd 2017

The Growing Orderbook  Bigger than before

So far this year, we count 26 confirmed new orders for dry bulk vessels. This is a pretty derisory number and continues a trend running from the start of 2016,  since when orders for just 43 ships have been placed — easily the lowest 18 month total in the last 40 years. This is good news for those worried about future deliveries tipping the supply-demand balance in an unfavourable direction, but it is clearly not enough to keep the shipyards busy, even with an uptick in ordering in other vessel sectors.