Fitch proffers negative outlook for dry bulk shipping

By Wayne Yamada
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, Fitch.

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...

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