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Braemar warns: Bulk crisis could last five more years

It could take another five years before the dry bulk industry is back on track, notes British shipbroker Braemar ACM.

Photo: Rotterdam Havn

Dry bulk carriers will have to arm themselves with loads of patience if shipbroker Braemar ACM's projections come to fruition. Denis Petropoulos, who has been with the broker since 1986 and who is currently head of Braemar Asia, estimates that it could take another five years for the dry bulk sector to get back on track, he tells industry media Splash 24/7.

"China’s demand has not met the expectations that optimistically built ships," he says, adding:

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