Dry bulk boom could last all the way into 2023

Surging demand from China and a historically low orderbook are driving the unprecedented upturn in the dry bulk market, which could last all the way into 2023, according to analyst firm.

Photo: PR / Norden

The upturn in the dry bulk market is far from over, as a historically low orderbook and massive demand from China serve to keep market expectations at a high, projects Cleaves Securities.

In an update, the analyst firm sees the record market lasting into 2023.

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