Newbuilding orders hit their lowest 1H total since 2017 at 169 vessels (down c.26% YoY), and S&P volumes dropped c.36% YoY to 425 sales, according to Veson Nautical’s 2025 mid-year shipping
Newbuilding orders hit their lowest 1H total since 2017 at 169 vessels (down c.26% YoY), and S&P volumes dropped c.36% YoY to 425 sales, according to Veson Nautical’s 2025 mid-year shipping market report.
The capesize values climbed c.7.7% in 1H 2025 on firm iron ore demand and limited fleet growth, while most other segments saw declines in values. Furthermore, the demolition stayed minimal at 34 vessels, as firm earnings kept older ships in service.
The latest data from BRS Shipbrokers shows that dry bulker newbuilding orders slowed sharply in 2025, with panamax and supramax orders plunging 89% and 65% y-o-y (from Jan-Jul) respectively.
Greek owners, once a key market driver, have also scaled back significantly, while existing fleets remain relatively young.
Additionally, the average age of the active panamax fleet is 13.5 years, while supramaxes stand at 11.8 years, indicating they still possess considerable service life ahead.
BRS attributed the drop
Content Original Link:
Read full article from Original Source TELEGRAPH HELLENIC SHIPPING
" target="_blank">Read full article from Original Source TELEGRAPH HELLENIC SHIPPING
