Analysis: 2016 could kick-start wave of Chinese bulk bankruptcies

A big part of the Chinese dry bulk sector is suffering from several years of extreme losses and many players are in dire need of equity, according to a new study from Shanghai International Shipping Institute (SISI).

BY OLE ANDERSEN

Chinese dry bulk carriers are suffering across the board from many years of severe losses in the weak dry bulk shipping sector, and several carriers are facing a dire need for fresh capital. According to a new study from Shanghai International Shipping Institute (SISI), cited by news agency Reuters, the depressing market conditions could continue in 2016 and trigger a wave of bankruptcies in the sector.

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