“It may turn out really bad”, Lauritzen CEO told ShippingWatch recently when asked about the prospects of the dry bulk sector in connection to the presentation of the company's interim report in which it was clear that the bulk division struggles under low rates and a surplus of capacity.
And according to Bimco as well as the consultancy company, MSR-Consult, Torben Janholt is right in his pessimism as both the short and long term prospects look very bleak.
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