Due to the aging ship dismantling and new ship orders slowed, the dry bulk shipping market in the beginning of the beginning of this year, a modest recovery is expected to continue in the future for a long period of time.

According to the statistics of the Italian ship Brokerage Company Costa, Banchero. Since the beginning of this year, total 283 218 million deadweight tons of bulk carriers rushed to ship dismantling plant dismantling and 2014 compared to the same period, dismantling of the amount of increase of 157%. Sent to the shipyard dismantling of bulk carriers, including 77 Capesize bulk carriers, 52 Panamax bulker, 49 vessels Handymax Bulk Carriers and 100 vessels healer type bulk carrier.

In addition, due to the drop in bulk freight, 2015 years ago July owner totaling custom-made the 183 ship bulk carrier, compared to 2014, new ship orders significantly decreased by 74%. New ship orders custom-made by scrapping and reduce, bulk carrier market between supply and demand restored the balance, pushing the price rebounded.

However, Costa Banchero believes that due to the new delivery of bulk carriers are still a lot of difficult factors still dominate, so that the dry bulk shipping market recovery is still too early.

Since 2015, the global total of 397 new delivery of bulk cargo ship into operation, the annual fleet capacity growth is expected to be 2%, 2016 was 5%, 2017 was 2%. It leads to a result of overall fleet capacity growth, due to an increase in freight, scrapping activity will decline may there will be oversupply stalemate, thus affecting the full recovery of the bulk carrier market.