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Bank sees two outcomes for dry bulk i 2017 – both end well

Bulk:

Either the dry bulk rates will rise this year or the supply of vessels will decline, enabling rates to go up next year instead. Regardless of the journey to get there, the future looks bright for struggling bulk carriers, according to J.P. Morgan and Danske Bank.


BY NIKLAS KRIGSLUND
Published 20.01.17 at 13:40

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Most read Bulk

Fatal wreck shocks dry bulk and marine insurers

ryCargoNordEnergyatseaRGBjpg.jpg Bulk:

Bauxite transports, one of the biggest commodities for the global dry bulk fleet, could face a higher risk evaluation after the Bulk Jupiter shipwreck on January 1st. D/S Norden anticipates extensive investigation into the accident.

Analysts: Dry bulk shares will be winners in 2017

Bulk:

After a brutal start to 2016, it now seems that 2017 will be a much better year for dry bulk carriers such as Norden and Golden Ocean, which currently boast positive recommendations from Danske Bank as well as Clarksons Platou.

22 seafarers missing after dramatic shipwreck

Bulk:

A South Korean-owned dry bulk vessel with 24 crew members and 260,000 tons of iron ore on board has been shipwrecked en route from Brazil to China.

Pacific Basin hires CFO from BW Pacific

Bulk:

Pacific Basin has hired a new CFO who is joining the company from tanker carrier BW Pacific. He has a background in the finance sector and will start in his new position in August when the current CFO steps down.

Multipurpose operators to expand fleet in new joint venture

Bulk:

New Dutch multipurpose joint venture Shipping Company Groningen, which includes Thorco Project, has growth ambitions in spite of the challenges currently plaguing the segment. ShippingWatch has interviewed one of the architects behind the venture, CEO Jan van der Laan.

Analyst firm: Bulk's upturn will not hold until the fall

Bulk:

The positive trends currently seen on the bulk market will diminish in the second half of this year, says analyst firm MSI.

Current front page

Maersk Line to pay EUR 3.7 bln for Hamburg Süd

hamburgsud4.jpg Container:

Maersk Line will pay EUR 3.7 billion for German container carrier Hamburg Süd. The boards of directors at the two companies have now cleared the transaction, which is expected completed in late 2017.

Aker BP drills its way to impressive result

Offshore:

Last year's merger of Det Norske and BP seems to have paid off. The resulting company, Aker BP, is now raking it in.

OOCL grew its volumes in the first quarter

Container:

Orient Overseas Container Line, OOCL, carried more containers in the first quarter, but the prices have been somewhat under pressure since the beginning of the year.

US shale boom puts pressure on the entire industry

Tanker:

US shale oil is now being produced at such a rate that it could threaten the stability currently enjoyed by the sector, projects Rystad Energy. One of the major suppliers of offshore rigs, shipbuilder Keppel, does not see a recovery anytime soon.

Japan's three major container carriers believe in 2017 gains

Container:

The three major Japanese container carriers: MOL, NYK Line, and K-Line, which are poised for a merger, all have faith in advancements this year, as indicated in their annual reports published Friday morning.

Belgium's Exmar calls off purchase of Dutch gas fleet

Tanker:

Gas carrier Exmar went red in the first quarter in the weak LPG market where too many vessels are undermining an otherwise historically strong US gas export. The carrier has also called off negotiations to acquire a Dutch FSRU fleet.

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