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.
The rate level has plunged day after day thus far 2019, when the Baltic Dry Index was almost cut in half, and most observers agree that seasonal fluctuations can only partially explain this year's exceptionally poor beginning.
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