Going, Going, Gone

Thanks to Henrik With of DnB Nor Markets who compiled the data provided by Det Norske Veritas, we have a clearer picture, albeit estimated, of how much of the order book has been cancelled thus far (see chart below).

As Mr. With suggests, it is a good start however much more is needed to achieve the much talked about 30% to 50% reduction in the dry bulk sector, no less to begin the process of restoring a balance between supply and demand.

This is only an excerpt of Going, Going, Gone

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