Bulk rates look set to rebound

The growth of the dry bulk fleet is slowing down massively, and that, together with the increasing Asian exports and the US economy, will lift the weak dry bulk rates as early as this year, says Deutsche Bank.

The dry bulk rates will rebound and improve from their current unsustainable level in step with the decline of overcapacity, and as the demand for Asian export commodities increases and the US economy improves, says Deutsche Bank according to Bloomberg.

“That’s really driven by a massive slowdown in fleet growth this year, next year and the year after,” says Michael Lewis, managing director and global head of commodities research in Deutsche Bank, at a meeting in Singapore on Tuesday:

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