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DNB: Dry bulk recovery on track

Finally, a recovery is on track within dry bulk shipping following a four-year slump, according to DNB Markets which refers to an increase in the Chinese demand of iron ore, Bloomberg reports.

Dry bulk rates are increasing following a four-year slump. This happens as a result of the Chinese demand for iron ore is at its highest level since 2009, DNB Markets thinks according to Bloomberg.

“Dry-bulk market recovery has begun. Large expansion of low-cost iron-ore and coal exports make us positive on the dry-bulk segment”, DNB Markets analyst Nicolay Dyvik tells Bloomberg.

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