Rising deliveries of Capesize ships pose a threat.

Demolition of dry bulk ships in the first four months of 2019 was 120 percent higher than in the same period of 2018. Much of this increase comes from demolitions of Capesize ships, up from 1.1 m DWT between January and April 2018 to reach 3.4m DWT in the first four months of 2019. The 18 Capesize...