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:
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app