The dry bulk orderbook currently stands at a 6.5% of the fleet, according to Cleaves Securities, the lowest in over two decades. However, the schedule for newbuilding deliveries this year, adjusted with vessels returning from scrubber retrofits, points to a projected 4.6% growth in the dry bulk fleet carrying in 2020 and an estimated 5.9% net fleet growth year-on-year for full year 2020. If realised, this would mark the highest yearly net fleet growth since 2013.
On the demand si...
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