More than 40 ultramax bulker newbuildings are up for sale as owners worry about next year’s delivery schedule, poor rates and the impact of lower fuel prices.
Around half the current ultramax orderbook is due for delivery next year and industry sources say about 15% of them are now being circulated in the resale market.
Shipping companies that are said to be looking for buyers include China Minsheng Financial Leasing, Wah Kwong Shipping, Great Horse Shipping and Parakou Shipping.
Some
