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Analyst casts doubt on super cycle in dry bulk

The dry bulk market is roaring ahead with the highest rates in a decade, but the recovery is not headed for a super-cycle, as has been the case in the past, writes Bimco, referring to the record levels recorded in 2007 and 2008.

Photo: PR / Oldendorff Carriers

Although dry bulk carriers are benefiting from strong demand and high freight rates after a decade of drudgery and overcapacity, they would do well to abandon any notions of an imminent super cycle, according to Bimco.

In a new analysis, Bimco's chief analyst Peter Sand compares the current levels to the market situation in 2007 and 2008.

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