Big dip in rates strain Nordic dry bulk operators after tough 2019
Klaveness pulled 20 percent of its chartered fleet out of the market last year. Following a slide in rates since the start of the year, the shipping company expects lower activity in the first quarter of the year. Shipping company Norden also sees a weak start to the new year after a challenging 2019.
2019 became a difficult and challenging year for the dry bulk sector. And the new year has started with a drop in the Baltic Dry Index of no less than 27.4 percent.
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