Tough dry bulk market makes Klaveness reduce fleet

Norway's Torvald Klaveness has reduced its activity in the dry bulk market following a tough start to 2019, when several factors have dragged down the market. "We're a bit uncertain as to where the market is headed," CEO Lasse Kristoffersen tells ShippingWatch.

Photo: Klaveness

A tough start to 2019 has made Norwegian Torvald Klaveness reduce its activity on the market, where it has a large presence as operator.

Factors such as the US-China trade conflict, the mining accident in Brazil and, most recently, swine fever have dragged down the dry bulk market since the beginning of the year and heavily reduced the amount of cargo to be transported by sea.

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