Bulk Carrier Fleet Poised for Growth
Advertise Here
Trending Topics:
Sunday, June 14, 2015

Ship Equipment
Ship Maintenance
Ship Systems
Worldwide Metric
Freeman Marine
Neptune Group

Home Page
About MarineTalk
Buyer's Guide
World InfoDesk
Discussion Forums
Advisory Board
Advertising Information
Submit Company Listing
Edit Company Listing
Site Map
MarineTalk Site Search:
Featured Companies

International Council of Cruise Lines
The mission of the International Council of Cruise Lines (ICCL) is to participate in the regulatory and policy development process and ensure that all measures adopted provide for a safe, secure and healthy cruise ship environment.
    USA Virginia

Industrial Property CARLES-BARRAZA LAW FIRM provides assistance in Copyright matters concerning the registration and protection of brands of products and services, advertising mottos, trade names, invention patents, models of usefulness,trademarks.

Active Communications International
Active Communications International, Inc. (ACI) is a leader in conference planning and production. With offices in Chicago, London, Montpellier and Milwaukee, we produce world-class events focusing on areas relevant to our served industry segments.
    United Kingdom

Maritime e-Commerce Association
The Maritime e-Commerce Association, established in February 2001, is a non-profit making consortium of companies committed to promoting and developing e-business and online trading in the Maritime sector. Objectives of the Association are:
    United Kingdom

Bulk Carrier Fleet Poised for Growth


A new report, released by Lloyd’s Register - Fairplay Research, predicts that the world’s dry bulk carrier fleet will continue to show strong growth over the next five years, spurred largely by surging demand for iron ore and metallurgical coal to feed China’s undiminished appetite for steel production. The forecast provides a review of the global business environment demand for seagoing transport, market conditions and capacity utilization for these classes of vessels, and gives a detailed five-year shipbuilding forecast, including new orders, deliveries and demolitions.

The report estimates that the dry bulker fleet, currently standing at 7,839 ships with a total capacity of 432 million deadweight tons (dwt), will grow by an average of 9.5 percent through the end of 2013, up from 6.5 percent annual average growth the previous five years. The fastest growing segment will be very large ships over 200,000 dwt, increasing at 16.8 percent per annum.

Deliveries of new bulkers through year-end 2013 will amount to some 318 million dwt, up 150 percent from the last five years. This will be offset by an increase in scrapping, with 76 million dwt of capacity to be removed from the fleet. Shipyard order books for new bulkers will diminish as the large number of ships ordered during the boom years of 2007 and 2008 are delivered to the fleet. The contract forecast for 2009-2013 stands at 139 million dwt, considerably lower than the last five years, but a respectable size nonetheless, due to expected orders for new tonnage to be placed by Chinese and Japanese interests.

The continuing surge in Chinese imports of iron ore and coal will be the primary growth engine for the world’s bulker fleet, offsetting the falloff in grain and agricultural product exports and generally low freights for bulk commodities, according to the research report.

The growth curve for general cargo ships will be much flatter, according to the report. In August 2009, the general cargo fleet consisted of 17,137 ships with a total capacity of 81 million dwt. It is predicted to grow by just 2.5 percent annually through 2013. There are still a large number of newbuilds to be delivered – a hangover from the ordering binge of 2007 and 2008 – but scrapping will remove 12.7 million dwt from fleet capacity through 2013, and new orders will plummet by 63 percent as demand softens. The report also notes that the market for specialized refrigerated cargo vessels will continue to decline, with only a handful of ships on order.

Given China’s dominance in the steel industry, it is no surprise that China holds the top position in shipbuilding for the dry bulk and general cargo sector. China’s share of the orderbook through 2013 is a whopping 50 percent, while Japan and South Korea come in a distant second and third place. The report notes that bulker and general cargo ship deliveries from European yards have more or less disappeared over the last 30 years, and concludes “there is absolutely nothing that points to a reversal of this trend.”

Lloyd’s Register – Fairplay  

About the Company

Latest Marine News and Technology Articles | Maritime 2015 Buyer's Guide


E-mail:  Contact Us

Copyright © 1998 - 2015 MarineTalk
Division of Link Internet Business Solutions
All rights reserved.

The reproduction, retrieval, copying or transmission of this Web site content,
in whole or in part, is not permitted without the express permission of
MarineTalk .