The demand for dry bulk will increase in the years to come and furthermore, the vessel price will drop. These are the main conclusions in a new report on the dry bulk market made by DVB Bank, Hellenic Shipping News reports.
The growing populations and increases in industry production of China and India during 2012 resulted in a dry bulk demand increase of 4.1 percent. This increase is set to become even bigger in 2013 as DVB Bank expects the dry bulk demand to increase by 7.2 percent. However, the growth level depends on the Chinese appetite for dry bulk in the shape of e.g. iron ore, remaining as big as it is at the moment.