Deutsche Bank projects small recovery in dry bulk

The rates in the struggling dry bulk industry jumped a significant distance last week and are now headed towards a break even, writes Deutsche Bank. Good news for the shipowners, but the recovery also contains a threat.

Photo: Star Bulk

The historically weak dry bulk market is now finally appearing to show signs of recovery, after the rates crawled up by all of 20 percent last week and are currently 10 percent higher than at the same time last year.

The dry bulk market hereby has the first positive year-to-year comparison in eight months, which is a sign that a small recovery may be on its way, writes Deutsche Bank in an update on the dry bulk market.

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