Analysts: Worst months for dry bulk ever

Many carriers and investors are probably wishing that the year's first quarter had never taken place. Improvement will "take many years," says J.P. Morgan, while Norway's Pareto Securities see positive news in rising vessel values and share prices.

If any enduring optimists within the bulk industry interpreted the slight increases as a sign that the downturn might be reversing, they are most likely going to find themselves proved wrong.

Among various analyst firms and investors, there is not much to yield from the market at this time to support the considerable optimism noted within the last few weeks after the first quarter of 2016, which according to J.P. Morgan, most shipowners and investors probably wish had never happened.

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