The handy sector is likely to fare better than other bulkers in the coming year, according to one of the best known handy names in the business. Klaus Nyborg, deputy chairman of Hong Kong’s Pacific Basin revealed recently to Seatrade Asia Online that 49% of his fleet is already covered for 2010, a figure that is similar to this stage last year. Moreover, the company has fixed its handysize ships at an average daily rate of $14,200, again similar to this year’s figure, which Nyborg said would give ‘good margins’.
‘Handysizes have been the segment with the biggest short fall,’ Nyborg said, ‘and the highest scrapping rates so this year there has been no overall growth.’
Nyborg suggested that handies will be ‘slightly more isolated’ to other sectors going forward as the larger ship types have such huge orderbooks still to deliver.
‘Handysizes have been the segment with the biggest short fall,’ Nyborg said, ‘and the highest scrapping rates so this year there has been no overall growth.’
Nyborg suggested that handies will be ‘slightly more isolated’ to other sectors going forward as the larger ship types have such huge orderbooks still to deliver.