Bimco: Dry bulk sector must adapt to survive
The crisis in the dry bulk sector is so far-reaching that shipowners will have to make significant changes if they hope to survive on the long-term, writes Bimco in a new report. Consolidation and risk management will be key for the dry bulk owners in the new reality, notes the association.
by DANIEL LOGAN
Even though 2016 has so far brought minor improvements and rate increases in the otherwise rock-bottom dry bulk market, the global crisis in the sector is still so severe that the industry will have to adapt to the new reality in order to survive on the long term, concludes shipping association Bimco in a new report about the wider consequences of the dry bulk downturn
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