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You are here: Home → Archive → 2009 → October → Weekly Edition 8th of October 2009 → Bulk carrier glut means gloom set to get worse

Bulk carrier glut means gloom set to get worse

by Michelle Wiese Bockmann, Athens — last modified Oct 08, 2009 03:10 PM

THE TRUE recession in dry bulk shipping was just beginning, London shipbroker Howe Robinson warned last week.

An orderbook of nearly 3,000 new bulk carriers “far outweighs future demand expectations”, John D’Ancona, head of dry cargo research, said.
The gloomy prognosis, delivered at the Mare Forum Iron Ore & Coal World Shipping Summit in Athens, comes...

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