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Danske Bank: Dry bulk will dodge the drama seen in 2015

According to Danske Bank the beleaguered bulk carriers should not fear a repeat of the dramatic fourth quarter of 2015 in which the bottom went out of the market. This year, the upturn in Capesize will continue, projects the bank.

Photo: Golden Ocean

2016 will see a rather less dramatic conclusion for bulk carriers than 2015, where a deep rate plunge stripped eliminated 25 percent of ship asset values in the fourth quarter alone, projects Danske Bank in a brand new market forecast.

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