Shipyard orderbooks dry up

By Wayne Yamada
Published: Thursday, 15 September 2016

Depressed rates result in decreased orders for new dry bulk mineral vessels in Asia.

Shipyards will be hit by persistently low rates in the dry bulk, container and offshore markets, with this year expected to set the record for the lowest newbuilding contracts in more than 20 years.

The reduction in newbuild dry bulk may lift the Baltic Dry Index (BDI), which has been...

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