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Dry Bulk Shipping To Witness Steady Progress Moving Forward On The Back Of Growing Trade Volumes Says BIMCO

“We are still worried about the sustainability of freight rates in the years to come. Our main worry is that demolition activity will slow down as the BDI improves. If shipowners slow demolition of ships considerably, the fleet will keep growing. This will widen the fundamental imbalance further because we forecast the demand side to grow slowly in the coming years. In order to reverse several years of adding capacity in excess of demand growth, we need to develop a multi-year trend of negative fleet growth. BIMCO assess the current utilisation rate of the dry bulk fleet at the low end of the 70s”, said the report.

Baltic Dry Index and Overview are up-to-date

Baltic Dry Index and Overview are up-to-date

BDI and Overview are up to date

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Where in this cycle are we? - (YOU?)

Zombie ships send maritime freight into worst crisis in living memory Cheap debt, the China slowdown, and a glut of ships have seen the Baltic Dry Index plummet to its lowest level in more than 30 years

Mercator to exit dry bulk shipping business due to downturn  
Mercator decides to exit dry bulk cargo business carried on by its Singapore unit by way of divestment as part of its ongoing portfolio-restructuring exercise

 Baltic Exchange Capesize index in new low


 Opportunities are emerging to tempt those with strong nerves..

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