Huge demolition activity will not stand in the way of dry cargo fleet growth in 2016, according to data from shipbroker Banchero Costa.
It counts 347 bulkers of a combined 27.1 million deadweight heading to the breakers during the first 10 months of the year, just shy of the total seen in the whole of 2015.
However, 486 new bulkers have entered the market in the opening 10 months of 2016, adding a collective 41.9
