Drewry points to improved dry bulk market by 2016

By the end of 2015 the dry bulk market will be doing much better than today, says Drewry in a new and fairly optimistic analysis. Fewer orders and new energy efficient vessels contribute to the change.

Tørlastskib fra Western Bulk

The crisis that is currently raging among dry bulk shipowners and operators will die down by 2016, estimates analyst agency Drewry, which has recently opened a department specializing in dry bulk analyses.

"We expect rates to remain under pressure through the first quarter of 2015. However, thereafter earnings will recover as modern fuel efficient ships gain employment at higher rates relative to older ships. This is one of the reasons why average charter rates recovered in 2014 compared to 2013, despite continuing capacity pressure," says Drewry.

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