Hong Kong-listed Pac Basin says bulker contracting was up 33% inthe first quarter of 2014 compared to the same stretch of 2013.
“Most new orders were for delivery in 2016 and 2017 when scheduleddeliveries as a percentage of the overall fleet remain relatively small,” theshipowner told investors.
“While visibility on actual future deliveries is not fully clear,we do not expect the orderbook to impede further freight market improvement inthe coming few years.
