Subscribe to RSS feedIdle bulk carriers on rise
by
Michelle Wiese Bockmann, London
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last modified
Jun 05, 2009 03:16 PM
THE NUMBER of bulk carriers idle at ports around the world has risen over the last month, at a time when surging iron ore and coal shipments have seen rates more than double for larger vessels.
A total of 382 bulk carriers above 10,000 dwt are classified as inactive, with no movement for 35 days, according to data from Lloyd’s Marine Intelligence Unit.
That compares with 314 idle bulk carriers at the end of April,...
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