Bulk

Current upturn in dry bulk may be shortlived

Although the Baltic Dry Index is currently above 2,500, this is likely not a sustainable improvement for the bulk market. "China is preparing for the possibility of the trade war dragging out," says Norden. Ultrabulk is also cautious.
Christian Vinther Christensen is Head of Dry Cargo at Norden. He believes that China is preparing for a prolonged trade war with the US. | Photo: PR / Norden
Christian Vinther Christensen is Head of Dry Cargo at Norden. He believes that China is preparing for a prolonged trade war with the US. | Photo: PR / Norden
by TOMAS KRISTIANSEN

Bulk shipping companies are currently seeing a significant improvement in the market, something they would not even have dreamed of one year ago. Back then the index was 1,519, yesterday it just surpassed 2,500.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs