Bulk Carriers Orders vs Ageing Fleet

The comparison of the order book and the fleet gathering ships over 20-years of age, the natural candidates for recycling, shows significant disparities across various Bulk Carriers segments.

Dry Bulk Orders vs Ageing Fleet

Whereas Capesize orders cover for ~127% of its 20-year+ fleet, that ratio for Handysize only amounts to ~38%. With orders-to-aged fleet ratios at 79% & 70%, respectively, the Panamax/Kamsarmax and Supramax/Ultramax segments also display order deficits. The next freight cycle for Bulk Carrier is quietly maturing and demolition pace will time its start!

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