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Dry bulk shares down 70 percent this year

The stock value of the major dry bulk companies is less than ever before and a turn in the market is not expected until 2018, according to Morgan Stanley, which spots signs that a large part of the market is at risk of simply disappearing.

Photo: Star Bulk

A number of major dry bulk carriers have lost value of no less than 70 percent on average this year, and as a result dry bulk stocks are cheaper than ever before, writes Morgan Stanley in a recently published market report.

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