Soda Ash 2016: Freight rates stagnant until 2018

By IM Staff
Published: Thursday, 22 September 2016

Overcapacity in vessel availability is making for a slow recovery process in freight rates, which are expected to remain low for another two years, delegates at the Soda Ash conference in Lisbon were told.

By Barbara O'Donovan

Any price recovery in the dry bulk market will be capped until 2018, with high demolition activity needed to achieve market equilibrium.

There will be a prolonged period of reduced freight rates ahead as industry overcapacity continues to weigh down the dry bulk market, IHS Maritime and...

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