Dry bulk has long way to go despite stronger rates
Dry bulk rates were stronger in the most recent quarter, as evident from the first interim reports, but the level is far from enough to ensure positive bottom lines at the carriers, Fearnley Securities tells ShippingWatch. The sector must thus keep looking for a stable recovery.
by SØREN PICO
Rates have improved significantly, and the distance between the dreadful bulk year 2016 and the hard-pressed dry bulk sector is growing comfortably wide.
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