17OCT2019 - NEWS - End of supply glut in sight for dry bulk

The dry bulk shipping market is “slowly and steadily” recovering from years of sluggish earnings for operators as the demand-supply equation is getting to a better balance.

In 2018, just 28m dwt or 300 units entered into operation.

Demolitions are expected to stayed modest due mainly to the age profile of the fleet. Only 9% of the trading vessels are over 20 years old, while 21% are less than five years old.