Dry bulk shipping still ‘gloomy’
Published: Thursday, 03 November 2016
Despite a rise in freight rates, conditions for shipowners are still tough with demolition rates slowing.
The dry bulk shipping market is recovering due to
stronger-than-expected growth in mineral demand, but slowing
vessel demolition rates is still a concern for the
The year started strong for scrapping older dry bulk ships,
which is needed to reduce the oversupply in the market,
according to shipping association...