LONDON: “Between January and November 2025, the capacity of bulker newbuilding contracting has fallen 54% y/y to 25m DWT, reaching its lowest level since 2020. Consequently, the dry bulk orderbook is now 4% smaller than a year ago, accounting for 11% of the dry bulk fleet. Contracting has likely eased due to a cloudy market outlook,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.
The number of ships contracted has seen an even steeper decline, down 61% y/y so far in 2025. Only 281 ships have been ordered, the . . .
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