Dry bulk carriers orderbook remains unchanged in 2010 despite flurry of newbuildings delivered

Despite 2010 being a record year in terms of dry bulk newbuilding deliveries, as of the end of the year, the orderbook has remained at the same amazing levels of a year ago. According to a report from BIMCO’s shipping analyst Peter Sand, the current orderbook totals at 277 million dwt, 1 million dwt more than the one of the end of 2009. “As if the dry bulk orderbook wasn’t large enough back then, orders are constantly placed at shipyards that hungers for orders to fill their order books for and beyond 2013. New orders equal to 70 million DWT have been placed in 2010, of which 60% at Chinese shipyards which have gained the lion’s share of the orderings” said Mr. Sand.
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Source: Hellenic Shipping News