Shipowners organisation Bimco is predicting a return by bulker owners to shipyards towards the end of next year.

Shipping analyst Filipe Gouveia believes contracting across all vessel sizes will increase, as deliveries are set to hit a 19-year low in 2024.

According to Bimco estimates, the capacity of ships being handed over in 2024 will drop to 23.8m dwt.

The dry orderbook currently adds up to 66.7m