31 October 2016
BIMCO: Dry Bulk Market Still in Terrible Condition

dry-bulk-320x226Despite better demand side conditions on the “road to recovery” for the dry bulk shipping industry, the supply side is worse off, according to international shipping association BIMCO.

As ship owners’ interest in demolition has cooled, the supply side is worse off today than earlier estimates projected for 2016. Stronger demand side growth is the only reason for the improved market conditions in the dry bulk shipping sector.

Source from World Maritime News. For more info, please read thru