Following strong improvements in the dry bulk market through 2017, a surge that also lifted share prices of the listed bulk carriers, the sector has in recent months registered a significant setback.
Analysts Drewry describes it as "a significant correction" in a seasonally weak period that the benchmark Baltic Dry Index (BDI) has plunged steeply from 1,743 points in December to the current level of 1,098 points.
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