Fitch proffers negative outlook for dry bulk shipping
Published: Thursday, 17 December 2015
The ratings agency has issued a pessimistic assessment of the BDI going forward, based on the slowing Chinese economy’s demand for commodities.
The dry bulk shipping market will remain low in 2016, according
to the latest published analysis from ratings agency,
It said that the slowdown in the Chinese economy would
reduce dry bulk raw minerals consumption, and cast doubt over
the effectiveness of various tactics being employed by ship
owners to stem the...