拆解老旧散货船——解决运力过剩的方向?

Elderly Chinese bulkers-not a clear solution

中国船东拥有的老龄船即使逐渐被淘汰出市场，也不会缓解不断增加的新船压力。

Before the economic downturn of late 2008,dry bulk shipowners were enjoying the best market conditions on record,as Chinese demand boosted global trade growth in most raw materials.Many owners ordered significant numbers of new vessels during this period,in the expectation of a continued boom.However,the world economy is now in a much worse state than in the pre-2008 period and bulk deliveries show no sign of slowing.Overcapacity continues to be a serious issue for the dry bulk market.As the owner country with the third largest dry bulk fleet and the largest dry bulk orderbook(in terms of vessel numbers),this is a particularly relevant issue for Chinese owners.As the Graph of the Month shows,Chinese owners have bulkers of a combined 46.7m dwt currently on order,which is equivalent to 50.0% of the current fleet.In comparison,the world dry bulk orderbook(which totals 213.6m dwt) is approximately one-third the size(34.7%) of the current global dry bulk fleet.