Veson Nautical draws the attention to a market that had already begun to shift, as the global dry bulk fleet has entered a period of structural change marked by a sharp decline in younger vessels. The global dry bulk fleet is facing a sharp contraction in younger, more efficient tonnage, with the supply of vessels under 15 years of age projected to fall by 22% by 2028, according to new analysis shared by Oliver Kirkham, Senior Valuation Analyst at Veson Nautical, a global leader in maritime freight and fleet management solutions. Speaking at the 2025 Marine Money Week in New York, Kirkham told delegates that the anticipated drop in younger dry bulk tonnage reflects a structural shift brought on by the historical imbalance in newbuilding activity, combined with a maturing fleet that is increasingly ill-equipped to meet modern efficiency and emissions standards. “We’re seeing a clear bifurcation in the fleet,” Kirkham said. “On one side, you have a rising share of modern, regulation-compliant vessels while on the other, a large and aging cohort that’s slower, less efficient, and increasingly penalised by emissions rules. That divergence is only going to widen over the next five years.” Credit: Veson Nautical Kirkham added ...
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