Analyst agency lowers dry bulk forecast

RS Platou Markets sees no upsides ahead for the many struggling dry bulk carriers. The key reason is lower Chinese demand than expected.

Photo: Norden

In a new quarterly report from RS Platou Markets, the Oslo-based analyst agency lowers its forecast significantly for the rest of 2014 - a period that was otherwise expected - by numerous industry players and analysts - to help restore the market following a miserable 2014 so far.

A long line of international shipping shares have gone down across the board during 2014. Total returns including payments to investors have declined 14 percent this year, with a nine percent drop in just the past month, says RS Platou Markets in a new quarterly report on Monday in which the analyst agency lowers its positive forecast for dry bulk -  announced just a few months back - from positive to neutral.

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