Pacific Basin forecasts "favorable" dry bulk market despite trade war
Mounting trade tensions have not changed Pacific Basin's outlook for the dry bulk market for smaller bulk vessels. The company is optimistic about a sustained market upturn.
by SØREN PICO
An upturn was indeed expected. However, from the perspective of Hong-Kong-based carrier Pacific Basin, the upturn will continue despite the trade war between some of the world's largest economies, the shipping company reports in a freshly published third quarter trade update.
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