Dry Bulk Market Coming to Normalization

- 30/01/2017, 18:48
Though still facing a slow recovery, but the dry market shipping price will come to normalization this year (2017), according to Maritime Financial Research Drewry
The dry bulk shipping market price, according to Drewry, has actually started in June 2016, though it had argued that “the long-awaited normalisation process has already begun in the dry bulk shipping. But, the normalisation provides opportunity over the next two years.
“Even as we highlight that recovery will be slow, but the time to be permanently bearish on the sector has passed. In our view the normalisation provides opportunity over the next two years. Our core argument was, “the sector is becoming a supply-side story rather than demand, which has been the case for much of the last decade.”