Dry bulk declined this much in 2015

The dry bulk industry sank further into the abyss this past year, while the rates for the large, crude oil tankers skyrocketed by 425 percent, according to an overview from Allied Shipbroking. Read here what vessel types did best and which ones declined.

BY OLE ANDERSEN

With a rate increase of 425 percent in 2015 for the large tankers, VLCCs, the pressured dry bulk shipowners must admit that they are in the wrong shipping market, and will presumably be there for a while.

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