Dry Cargo

Three capesizes scrapped this week, global fleet has shrunk 5% in 2015

Three capesize bulk carriers have met the welder’s torch this week, bringing the total number of capes scrapped this year to 79 vessels.

The global capesize fleet now stands at around 1,510 vessels, having been reduced in size by around 5% since the year began, according to data from VesselsValue.com.

Germany’s Neu Seeschiffahrt has reportedly sold its super-cape Margot N (277,000 dwt, 38,585 ldt, built 1989) for demolition in Bangladesh for $327/ldt or $12.6m in total.

On Monday, brokers reported that China’s Island Navigation had sold two of its cape vessels, also to Bangladeshi buyers.

The Taiwan-built sisterships Pacific Vitality (165,800 dwt, 22,358 ldt, built 1996) and Pacific Navigator (165,800 dwt, 22,370 ldt, built 1997) were both sold for $323/ldt or roughly $7.2m each.


Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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