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Morgen Stanley: Very few bright spots in dry bulk

There are very few bright spots for the fragile dry bulk market in 2015, says Morgan Stanley in a new assessment of the shipping markets.

Photo: /ritzau/AP/Richard Dew/

Dry bulk carriers have been through a brutal 2014. On Wall Street, dry bulk shares have fallen by an average of over 60 percent in the last 12 months, and market expectations are that the extremely negative current circumstances with historically low rates might just get even worse this year.

The American investment bank Morgan Stanley has made a new assessment of the international shipping markets, just ahead of the financial reporting season. The bank emphasizes that any predictions regarding circumstances in the dry bulk market are very unreliable, due to the fragile relationship between the supply of vessels and global demand.

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