Soda Ash 2016: Freight rates stagnant until 2018
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
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...