Ageing bulker fleet to put pressure on repair yards, BRS warns
- Higher rates are keeping ships trading into their 20s, with incentives to minimise time spent on repairs
- Older ships need more work done, and drydock upgrades and retrofits take extra time than simpler jobs
- Zhoushan in China looks positioned to benefit from higher demand
Shipbroker BRS has warned the increasing share of elderly bulkers will mean bottlenecks at repair yards, with demand and supply both under pressure
