While all sectors of the dry bulk shipping market have seen rates increasing in 2013, higher rates for Handysize vessels can be attributed largely to a steady fleet size and growing demand for smaller ships from the minor bulk sector.
Handysize has also had the highest scrapping rate in the BDI this year, at 7% of the fleet. This compares with Capesize at 2%, Panamax at 1% and Handymax at 3%. This is partly due to the age of the Handysize fleet, around 17% of which is over 25 years old, compared with 8% for the whole dry bulk fleet.
Clarksons data showed the Handysize order book in 2015 to be 5.7% of the fleet. This is higher than the whole dry bulk fleet average of 4.3%. In 2016, the Handysize order book is 1.4%, again higher than the dry bulk fleet average of 1.2%.
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