Analyst: This is the beginning of a positive trend in dry bulk
There are better days ahead for the struggling dry bulk carriers, notes Nordea analyst after the Baltic Dry index has come close to being doubled since the all-time low.
BY RITZAU FINANS
An upward trend for carriers in dry bulk, such as Norden, is starting to emerge. A trend which is driven by supply, estimates Stig Frederiksen, analyst at Nordea Markets, after the Baltic Dry index has increased to 597 points in recent months, corresponding to a doubling since the index hovered at rock bottom.
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