A rush of kamsarmax bulker orders is ringing alarm bells over the prospect of tonnage oversupply but broker Banchero Costa claims that many recent deals are actually resales of orders that have already been placed.
Yards booked dozens of kamsarmaxes to their own account and laid the keels before the International Maritime Organization’s January 2016 deadline, allowing them to be built to the cheaper NOx Tier II emission standard.
