Bulk

Sustained downturn threatens dry bulk with new recession

Dry bulk could be heading for a new recession similar to the dramatic downturn in 2016, reads the pessimistic assessment of shipping professor Roar Os Ådland after a prolonged dip in the Baltic Bry Index.
Photo: Norden
Photo: Norden
by SIMON VALEUR

According to Professor Roar Os Ådland from the Norwegian School of Economics, if the global economic slowdown continues, it could hurl the dry bulk sector into a recession similar to record-low levels from 2016 – the market's historic low point.

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