The biggest problem, never discussed by the drybulker and tanker permabulls, is that 20-25 years ago the number of vessels built is very small. You cannot scrap what was never built, so you can't offset newbuilds by scrapping non-existent vessels.
The near bankrupt shippers have NO ships on order. The delivery of these vessels over the past couple of years is what has killed them. Seriously. Go down the list of US traded bulkers and look at their orderbooks. Most are wound down to almost nothing, many are at zero. EGLE, GNK, EXM, DSX all have one or none. PRGN has a couple of handysized. Others have a few left over from years back but have the ability but NOT THE DESIRE to take delivery, so they will.
The "builders"? Which? Chinese? Korean? Japanese? US?
Don't bet on it. If its not doom and gloom and the end of the world as you know it, he doesn't have a clue. This jackass has been the most frustrated moron on this board. He uses multiple ID's (I've proven that, just look up my historical posts and you'll find some hysterical info on Audiyoy.) thinks he knows everything and can't find his Depends in the morning. He's as pathetic a creature as you will find anywhere. i really feel sorry for anyone who actually knows this dipstick.
LOL! You are wrong if you are suggesting a return to former glory through this "someday, somehow" fix to the oversupply issue.
WAY too many very basic things have changed completely to ever see rates much above break even ever again. Chinese shipyards are the biggest reason. Ownership of vessels by companies that USED to lease vessels which now own them, many of these CHINESE companies, reducing the market for leasing companies.