Fearnley: Dry bulk asset values will dive in 2015

Analyst agency Fearnley predicts that asset values will drop further, to a level of around 10-15 percent during the next 6-12 months.

Dry bulk asset values, which have otherwise been increasing since reaching an all-time low during the financial crisis, are under renewed pressure. The trend is clearly too declining, and analyst agency Fearnley expects additional drops of 10-15 percent in the coming 6-12 months.

"It is too early to completely write off a seasonal uptick for dry bulk rates this year, however, it remains to be seen how much confidence a short lived seasonal recovery can bring back to ship owners at this point," says Fearnley in a comment on Scorpio Bulkers' enormous newbuilding program and the related financing.

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