
Summary
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Fundamentals in the dry bulk sector driven by the historically low orderbook creating tight supply and demand balance. Shipyard capacity currently booked with other vessel types – any dry bulk vessels ordered today will be delivered in 2025 and beyond.
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75-80% of the current global fleet not compliant with upcoming environmental regulations.
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SB is pursuing an aggressive new building strategy to be executed by 2025.
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Scrubber investments further add to profitability.