Challenges in the capesize bulker industry

The capesize bulker conception erstwhile again took centre stage successful discussions connected the aboriginal of the adust bulk market, during the Dry Bulk Sector Panel astatine the Capital Link Singapore Maritime Forum.

Stamatis Tsantanis, Chief Executive Officer of Seanergy Maritime Holdings, argued that the market’s cardinal support today is not lone demand, but chiefly supply tightness. As helium noted, the capesize conception is facing constrained capableness availability—among the lowest levels of the past 20–25 years—with an orderbook representing conscionable 8%–12% of the fleet and an mean fleet property of astir 15 years.

This implies that, implicit the coming years, a important information of the existing fleet will necessitate either substantial superior concern oregon replacement, a dynamic that continues to underpin a strong concern lawsuit for the sector.