ShippingWatch

Danske Bank: Bulk rates improving

The dry bulk trade is improving, and this makes Danske Bank predict solid prospects for Golden Ocean.

Photo: Golden Ocean

John Fredriksen-owned dry bulk carrier Golden Ocean has become an investment worth making, says Danske Bank in its morning analysis. The dry bulk trade is seeing solid developments, which will benefit the carrier, says the bank.

"Brazilian cargoes the swing factor. Vale recently announced it has been holding back iron ore cargoes during the first quarter and expects to ramp up sales in the coming quarters; this should benefit Capesize rates as we see long-haul exports from Brazil to China as the main swing factor taking rates to elevated levels as we saw last year, but now we see supply growth being even more modest," says Danske Bank in the analysis, adding:

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Banks keep tabs on offshore wind – at a safe distance

In the next ten years, more than 100 new vessels for installation and maintenance of offshore wind are needed, and the offshore wind market is growing strongly. But shipping banks continue as bystanders for the time being.

Further reading

Related articles

Latest news

See all jobs