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Dry bulk orders quadruple so far in 2017

Published 11/18/2017, 07:25 AM
Updated 11/18/2017, 07:25 AM
© Reuters. Dry bulk orders quadruple so far in 2017
  • Dry bulk orders have surged by 4x during the first 10 months of this year, according to analysts at Alphabulk.
  • A total of 287 vessels over 15K dwt have been ordered at yards during the period, 43% consisting of panamax tonnage in the first time the group has comprised more than 40% of bulk contracts in any single year.
  • At 122 ships, panamax/kamsarmax contracts have topped order levels over the past three years and are the highest since 2013, Alphabulk says.
  • On the other hand, supramax orders YTD have reached just 85 vessels, which could mean 2017 orders in this group could hit a 12-year low.
  • Potentially relevant tickers include SALT, SBLK, GOGL, SB, NM, DSX, GLBS, SHIP, SFL, DRYS, KEX, EGLE, NMM, SINO, DSX, GNK, NNA, PANL, SSW, GSL, SEA.
  • Now read: Navios Maritime Holdings Inc .: Senior Secured Notes Require 11.25% Coupon. Ouch!

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