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Global sulfur rules could prolong bulk recovery

The bulk recovery could be extended due to the new global sulfur rules taking effect from 2020, says investment bank J.P. Morgan. Two bulk carriers in particular have bright prospects, according to the bank.

Photo: Golden Ocean

The new sulfur rules taking effect in 2020 could spell good news for the bulk industry and extend the recovery period with better rates for shipowners, says J.P. Morgan in a forecast of the coming reports for the second quarter soon to be published by carriers.

According to the investment bank, the bulk sector currently finds itself in the middle of a cycle, where the one year charter rates for the major capesize vessels lie below USD 21,000 per day.

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