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Essay text:
So we would not expect a large reduction in supply due to the scrapping of old vessels.
• Exhibit 3 shows the current order for the next 4 yrs.
• There will be a large supply in 01’,02’,03 therefore we will see an increase in capesize vessels in the future.
In summary,
1. Exsisting capesize vessels are relatiley new, thus we do not expect a large reduction in capesize vessls due to the scrapping of old vessels.
2. a large numver of new ships will be delivered in the next 3 years.
3. we expect a substantial increase in the supply of capesize vessles in the next 3 years.
Future prospect of the market...
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