Capital from investors has since 2020 flooded to the listed dry bulk operators, and this has now made share prices increase for several shipping stocks.
These increases are caused by an expectation that the cocktail of a low net fleet growth, a recovery in demand for as well as export of coal, iron ore and other bulk cargoes following the coronavirus pandemic can kick-start an earnings boom following a meager 2020, projects Norwegian investment bank Cleaves Securities in an analysis of the prospects for the dry bulk market in the next three years: "Retreat. Hell! We just got here."
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