Dry bulk shipowners are considering laying up hundreds of vessels with little prospect of a recovery in rates this year.
Global layup sites have been hit by a deluge of enquiries from dry bulk owners weighing up the possibility of following Bocimar in withdrawing dry bulk tonnage from the market, with rates in many sectors not covering operating costs.
Rows upon rows of laid-up vessels idling off Greece’s Elefsina harbour was the defining image of the 1980s shipping crisis.
This
