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.
BY DANIEL LOGAN BERG-MUNCH
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 outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.