Subscribe to RSS feedCapesizes return to work as older bulkers laid up
by
Obsidian
—
last modified
Mar 05, 2009 12:00 AM
The number of capesizes without employment has dropped by more than two thirds in the last three months, with only 30 now idling at ports around the world.
But a different story has emerged for older and smaller bulk carriers, or those rendered too toxic to trade because they are connected to financially troubled Asian-based owners or operators.
About 4%, or 64, of the 1,550-strong fleet of...
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