Rates Continue to be Well Supported in 2023 and Beyond
Both container and dry bulk ship order books remain anemic through 2022 end. As it is now too largely too late to add for 2022 delivery and much of the large ship capacity is already booked for 2023, it is likely that the industry will be playing catch up well into 2024 or later. Although robust ordering has occurred in containerships, no such surge has happened in dry bulk as of yet and the dry bulk orderbook remains at all-time lows below 6% of the active fleet. Because the vast majority of the large shipbuilding slots are booked by containerships, whenever the new ordering wave comes for dry bulk carriers, the earliest delivery times are likely to be late 2023 or later. https://seekingalpha.com/article/441774…the-next-double
