Broker: Significant mood change in bulk

Iron ore storages in China are going down, and the same goes for the prices, which is a significant reason for the surprising mood change in bulk in the last 3-4 months.

Photo: Stena Bulk

In recent months, there has been a significant mood change in the otherwise struggling bulk segment.

"We've seen a major shift in the last 3-4 months, which has come as a surprise to a lot of people and has created some optimism. The biggest question is, when will this be reflected in the freight rates?" said Nicolai Hansteen, chief economist at Norwegian financiers Pareto Shipping A/S, on Wednesday at the Scandinavian Shipping & Ship Finance Conference in Copenhagen, where ShippingWatch is present.

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