One challenge overshadows corona threat for large bulkers right now
Though the coronavirus outbreak is prominent both in daily life and in media across the world right now, the increasing fleet influx of capesizes is proving a bigger challenge for dry bulk carriers than the corona situation, assesses Danish Ship Finance.
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.