Between January and May the total bulk orderbook has risen over 50% from about 82m dwt to about 125m dwt according to Clarkson figures, and, claims Citigroup 'no doubt this will go a lot higher to take into account missed orders and new May, June, July...'
Fearnley's latest weekly newbuild report comments: 'The bulkermania continues this last week of May. Lead by a large amount of contracts being placed for Capesize bulkers, we see yet another fast moving week in the dry bulk segment. The activity in the Supramax size segment is also still high, with a total of 17 vessels placed on order this week. The Korean builders secure contracts for together 14.' [31/05/07]