Demolition activity maintains pace as owners seek to easy oversupply issues

Sat, 18 Feb 2012 00:00:24 GMT

It’s no secret that 2011 proved to be yet another record year in terms of newbuilding deliveries, especially for the dry bulk sector, which saw a part of these orders spilled over in January, causing the BDI (Baltic Dry Index) to plunge to record lows, not seen since the mid-80s. Not even the collapse of the global financial system in the autumn of 2008 managed to deal such a blow in the market.St...

Hellenic Shipping News Worldwide, Demolition activity maintains pace as owners seek to easy oversupply issues

Demolition activity maintains pace as owners seek to easy oversupply issues