Drewry: Enormous potential in dry bulk shares

Analysts project a significant share price upside for listed dry bulk carriers such as Norden, Scorpio Bulkers, and Golden Ocean in the wake of the first indications that the sector is headed for recovery. Some carriers have already seen growth this year between 100 and 200 percent.

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The dry bulk industry seems to be crawling out of its all-time low slump, and the hard-pressed carriers can now enjoy the prospect of growing rates during the remainder of the year, analyst agency Drewry writes in an update.

Listed bulk carriers exposed to the short-term spot market will experience the gradual normalization of the industry as it impacts their share prices which will then be reflected in increasing asset values. This will happen in the wake of diminishing bankruptcy threats which have thus far been calculated into share prices for a long period of time.

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