Dry bulk market rally triggers newbuilding investment spree.
Byline: S. Kamal Hayder Kazmi
Ship owners are ramping up their newbuilding ordering activity, loading up with new bulkers, as the market's prospects appear to be quite bright once again. However, some delays could be expected. In its latest weekly report, shipbroker highlighted that "many yards, particularly in China, are experiencing production difficulties as a result of equipment suppliers' inability to obtain raw materials on time. Yasa Shipping Turkey ordered two 64,000 dwt ultramax ships from Dalian Cosco KHI (Dacks) for delivery in mid-2023 at a cost...
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