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Bimco: Bulk carriers in litmus test

We have seen that world records are not only made at athletics stadiums but also in Chinese, South Korean and Japanese dry bulk vessel deliveries, says Bimco Chief Analyst, Peter Sand, stressing that he does see some bright spots in the last half of 2012.

In the present market, several dry bulk carriers are having their survival skills tested, states Bimco Chief Analyst, Peter Sand, pointing to the supply growth in the global bulk fleet.

“We have seen that world records are not only made at athletics stadiums but also in Chinese, South Korean and Japanies dry bulk vessel deliveries. However, we find comfort in history showing that the third and fourth quarters traditionally has a high demand. We are headed for a period which is a little bit stronger and which will hopefully keep rates at a sensible level. We will not see rocketing rates but we might see a level which is a little bit higher than it has been the case in recent months”, Peter Sand tells ShippingWatch.

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