The dry bulk market is set to improve in the second half of the year, after the first months disappointed several dry bulk operators by bringing lower cargo volumes than expected, says J. Lauritzen CEO Jan Kastrup-Nielsen after the carrier's interim report for the first quarter 2014, where the company for the first time in a long while was able to present a positive result after taxes on the bottom line, at USD 1.9 million.
"This was not a particularly good market, but on the other hand, it was pretty much as we expected. We didn't expect that it would be especially good. But most of us still believe that 2014 will be better than 2013. It's more a matter of time than anything else before this will happen. But it's true that the Chinese New Year lasted a long time this year, no one expected that it would last this long," he tells ShippingWatch, adding: