ShippingWatch

Uncertainty is the biggest villain in strained dry bulk market

Bimco and Braemar ACM both project that trade disputes and a weak balance weigh down the dry bulk market and the Baltic Dry extraordinarily. "Right now it's a strained market all around," Norvic Shipping CEO Peter Borup tells ShippingWatch.

Photo: Norden

The dry bulk market's weak late 2018 seems to have continued into the new year, as the Baltic Dry bulk index has gone down pretty much day by day.

The rate level has gone down by almost half since mid-2018, and according to Bimco's chief shipping analyst, Peter Sand, the current development cannot solely be explained through seasonal fluctuations.

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