So far, it has been an unenviable task having to predict developments in the 2019 dry bulk market, which has gone from a free fall and a belly flop at the start of the year to the current levels, which surpass anything seen in a long time.
These significant fluctuations therefore make it difficult to predict the length of the current recovery in the market, which like the world economy is strained by the ongoing trade war between China and the US as well as lowered growth prospects in Europe, where a looming Brexit is on the receiving end of much attention. This is also the case if one asks the former CEO of J. Lauritzen, Torben Janholt, who is currently chief executive at Greek shipping company Pioneer Marine.
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