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Analyst firm sees historically strong year ahead for dry bulk

Surprisingly high demand and a record low orderbook could result in a "super-cycle" for the dry bulk market, assesses Cleaves Securities, and points out that dry bulk shares may skyrocket in the coming year.

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The dry bulk market seems to be headed towards no less than a "super-cycle", assesses Cleaves Securities.

An unusually strong demand for the season coupled with the lowest orderbook since 1996 may increase demand by 10.1 percent in 2021 against last year, writes the analyst firm.

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