MSR-Consult is not exactly delivering good news to the dry bulk sector in the company’s latest update of the analysis “Forecast Model Services”. The analysis predicts that the dry bulk market will continue to be affected by low freight and charter rates in the coming years.
“This is primarily due to the current overcapacity of about 10 percent as well as the fact that the bulk fleet will grow further this year with about 14 percent measured in deadweight tons,” writes MSR-Consult in a new press release.
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