Bulkers converted to container ships as tonnage in short supply

Two open-hatch cargo ships are to be converted to container ships, as ship owners are thinking out of the box to tap on high charter rates and demand.

With few container ships available for sale and newbuilding deliveries not possible until at least 2029, Alphaliner disclosed this week that at least two geared ‘Diamond 53’ type Supramax bulk carriers are being transformed into gearless 2,500 TEU ships.