Dry Bulk Growth Expected

Tuesday, October 14, 2008

Record bulk carrier investment translates into fleet growth which is expected to exceed trade growth between 2009 and 2011, according to the report. The impact of tightening credit on investors and yards will mean that some of this orderbook does not deliver on time or at all, though supply growth is predicted still to have the upper hand.

Other key forecasts in the report include:

Negative global economic sentiment magnified by the impact of short-term cost controls by Chinese industry in response to high commodity prices. Once a reversal in these costs filters through the supply chain, a rebound in Chinese demand and consequently freight rates is expected.

 Shortages of thermal and coking coal in the Pacific and basins will result in increased long-haul shipments in the same way that has driven the iron ore market in recent years – for which ICAP Shipping has coined the term ‘Oceanic Imbalance.’

 Demand is price-sensitive, with many trades priced out of the market in recent years. Lower freight rates would see increased demand for seaborne trade to replace high-cost domestic alternatives.

Though rates are expected to soften H2 2009 and continue to slide into 2010, seasonal spikes are still likely where short-term demand changes temporarily outweigh long-term fundamental trends.

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Diana Agrees Charter for M/V Coronis

Diana Shipping Inc. announced today that through a separate wholly-owned subsidiary, it entered into a time charter contract with Sandgate Maritime Ltd for one of its Panamax dry bulk vessels,

Proforma DAs on the Go

DA-Desk has launched a new service under its PortSpend ManagementTM solution, the Proforma Disbursement Account (PDA) Approval Mobile App. The mobile app is available

Shipping Gloomiest Since 2009

The shipping industry is the most pessimistic in six years about its prospects as a fleet surplus persists, according to a survey by law firm Norton Rose Fulbright, says a report in Reuters.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0918 sec (11 req/sec)