Cautious optimism pervades dry bulk shipping sentiment but structural challenges ahead
Published: Thursday, 20 December 2018
The broad upward swing has been welcomed by the beleaguered sector but there is cause for caution, writes Will Fray, senior analyst at Maritime Strategies International.
Sentiment in the dry bulk market may be best characterized
as "cautiously optimistic". Whilst volatile, vessel charter
rates have followed a broadly upward trajectory since the
long-term lows of early 2016. Notably, one-year timecharter
rates have been higher than timecharter-equivalent (TCE) spot
rates for the most part of this year...