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Morgan Stanley: These carriers will book bulk industry's first profits

Three listed dry bulk carriers will break the negative cycle and be the first to present positive earnings in the dry bulk market, according to Morgan Stanley, as rates on this market continue to rise.

Photo: K Line

Scorpio Bulkers, Star Bulk, and Golden Ocean will likely be the first three dry bulk carriers among listed companies to present positive earnings in the sector, which has been under immense income pressure, predicts Morgan Stanley in a comment Monday.

The comment arrives after another period in which dry bulk rates have continue to rise based on high steel prices and a record-high Brazilian production of iron ore.

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