The slippage in dry bulk deliveries from shipyards has escalated dramatically in 2016, new research from brokers Intermodal shows.
“Besides the substantial decrease in new business, cancelling is still causing extreme pain to shipbuilders with slippage rates in 2015 and this year increasing quickly, indicating increased cancelling as well despite the fact that such information is always sensitive and rarely confirmed by yards,” Intermodal noted in a weekly report.
In 2014 slippage in the dry bulk sector was calculated at around 22% and increased to around 37% last year. This year Intermodal expects the rate of vessels scheduled to be delivered but won’t, to exceed 47%, what it described as “evidence of the dire straits the shipbuilding industry is still in”.
