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Wonsild Dry: Worrying dry bulk sector consolidates industry

Earnings for dry bulk brokers are under pressure, and this fact is boosting consolidation in the industry, Bjarne Wium-Ullerichs tells ShippingWatch. He is CEO and partner of Wonsild Dry, which Maersk Broker has just entered as a minority shareholder.

A partnership between Maersk Broker and Wonsild Dry could have happened in any market environment, Bjarne Wium-Ullerichs (photo), CEO and partner of Wonsild Dry, tells ShippingWatch. But the timing for the deal still says something about the situation for companies in dry bulk, where the market has plummeted in the past year to the lowest levels in 30 years and is putting everyone in the industry under pressure, including carriers, operators and brokers.

"The timing in the market is such that everyone would benefit from looking inward and identifying which opportunities exist to obtain a stronger position, and this includes all types of cooperations, alliances, mergers and acquisitions," says Bjarne Wium-Ullerichs and continues:

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