Several dry bulk carriers could collapse going forward
Some dry bulk carriers will "break their neck" in the year to come, says Per Hansen, investment economist at Nordnet, following Norden's major impairment. Massive overcapacity will not disappear going forward, he tells ShippingWatch.
BY KATRINE GRØNVALD RAUN AND LOUISE VOGDRUP-SCHMIDT
Not all players in the dry bulk market will survive in the current environment, says Per Hansen, investment economist at Nordnet, following Norden's major impairment Wednesday, after which the carrier expects a full-year deficit of up to USD 290 million for 2014, and Norden does not expect the market to improve in the coming years.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Investors pound dry bulk assets down 30 percent
For subscribers
Bleak prospects: Asset values headed for new dive
For subscribers
.jpg&w=384&q=75)
