Cautious optimism pervades dry bulk shipping sentiment but structural challenges ahead

By IM Staff
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...

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