Bulk

Drewry: Sentiment driving dry bulk recovery

The recent large price hikes in dry bulk carriers' shares are now driven more by sentiment than by a series of fundamental conditions in the sector, says Drewry.
by OLE ANDERSEN

The pricing of dry bulk shares has now reached an excessive level compared to the fundamental market conditions – at least on the short term, says analyst firm Drewry, which has since mid-2016 had a positive outlook in terms of an impeding recovery in the sector which has been in dire straits in recent years.

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