Subscribe to RSS feedFifth of new panamaxes for chop
by
Obsidian
—
last modified
Apr 02, 2009 01:00 AM
At least 19% of the total 511 panamax bulk carriers on order will be cancelled in the next four years.
A new report from German bank DVB Group has forecast that by 2011 there will be 500 surplus panamaxes (60,000 dwt-83,000 dwt) in the market, as demand slows and fleet capacity grows.
This figure assumed that 19% of the...
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