Record for lowest bulk carrier orders set in July

By Finance

Record low bulk carrier newbuilds have been ordered in July, according to the Greek broker Golden Destiny. The statistics issued by the broker shows only 48 orders for July which is 48 percent down compared to June and 58 percent year-on-year. The orders in the same period a year ago were 115.

The categories that are up, compared to July 2013, are the Ultramax class and the Capesize bulkers. The Ultramax orders for July this year are 12 which is three more compared with the same period last year. The Capesizes orders in July are 13, in the sane month a year ago they were only 9. The orders for mini Capesize were 25.

The biggest drop (year-on-year) is in the Supermax orders. This July only three were placed while for the same period last year they were 35.

The biggest share of orders have been placed in Chinese shipyards – 37, nine in Japanese shipyards and one in South Korean yard.

There was a decline in the secondhand purchase of bulk carriers too. In July 2014 the number of bulk carries which have changed their owner was 25, for July 2013 the number was 33.