Bulk ship investment boom has ended new ship orders hit a record low

Clarkons senior research expert Martin Stopford in the latest market report wrote that this round began in 2003, bulk carrier investment boom has ended. In the past decade (since 2003), new orders for bulk carriers totaled 724 million DWT, an average of around 70 million DWT per year, compared with 20 million DWT per year for the previous decade, Martin Stopford said. Martin Stopford pointed out that the first four months since 2015, dry bulk cargo of new single turnover has dropped to 400,000 DWT / month, the highest since the 1990s, the lowest level. "This is a 98% drop from 23 million DWT at its peak in December 2007, or the most recent decline in decades." Martin Stopford also noted that the current sharp decline in bulk carrier investment The shipyard poses a particularly serious challenge.

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