Sentiment among shipowers rather than the aggressive marketing of the world’s shipbuilders will determine if there is a new wave of dry cargo newbuilding orders, Diana Shipping says.
New York-listed Diana today reported a lower than expected third quarter loss in an improving dry cargo market.
Bulker newbuilding activity has increased this year and options and letters of intent are in place for double the number of firm contracts placed, according to executives at Star Bulk.
