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Eagle Bulk CEO projects rising dry bulk rates

Higher rates and lower supply will be the new reality in the dry bulk segment once IMO's global sulfur cap comes into force, projects Eagle Bulk CEO Gary Vogel.

Photo: Eagle Bulk Shipping

Dry bulk rates have been more or less steadily increasing since the market hit an all-time low in 2016, and the chief executive of US-based dry bulk ship operator Eagle Bulk expects that this trend will continue in the years to come.

"We're basically in the fourth year of a recovery, which is driven by a very limited supply of ships together with general economic growth," says Eagle Bulk's CEO Gary Vogel in an interview with Bloomberg.

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