@ ozzy 76
All the players in the handy market ordered already or working on it
The fleets are aging. Clipper has a lot new for example. I know that ISN getting more to the last editions starting in 2014,,, bulkers,,special handy size,,which are much more "utilized" i.e. more trips/cargoes are rather old when they oder 10 years old.
The re[air costs going up and up,,the surveys getting tougher and tougher and so on. So best,,replace them. also a big consideration is new regualtions which cost easy 1 mio to update to newest regs,,like Ballast Water Management,,, so building new is not a real bad idea at this time !!!!!