Ship Newbuilding Boom

Far Eastern and Chinese shipyards have received a lot of dry bulk carrier new-building enquiries from shipowners and investors. After BDI Baltic Dry Index spark last weeks, there is improving sentiment in dry bulk market. Greek shipowners and operators Alpha Bulkers, Angelakos Hellas, Primerose and Chartworld are among many shipowners who are exploring newbuilding dry bulk projects in Far East and China. Chinese shipowner and operator Seacon Ship Management and Bank of Communications Financial Leasing Co (BCLC) also looking for bulk carriers. Steep climb in prices of secondhand bulk carrier values is encouraging shipowners and investors to ask to Chinese shipyards. Dry bulk market is recovering from deep bottoms. Recently, high-quality dry bulk carriers are barely available on the market.