Broker Cleaves upgrades bulk forecast for the rest of the year

The dry bulk upturn has led to an upgrade of the growth forecast for the rest of the year. According to Cleaves Securities, this comes at the expense of lower growth in 2022, according to brokerage firm.

Photo: Amanda Perobelli/Reuters/Ritzau Scanpix

The favorable conditions for dry bulk operators in 2021 could very well prove to be among the best on record.

This much is evident from brokerage firm Cleaves Securities' most recent report, which comes with an upgrade of its market forecast for the remainder of the year. According to the brokerage firm, the market has already exceeded expectations this year.

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