Norway’s 2020 Bulkers expects the dry bulk market to recover before long, reports Lloyds List.
Challenging market scenarioThe company’s Chief Executive Magnus Halvorsen told, “The market looks challenging, for now, driven by the lack of iron ore volumes out of Brazil,” on the sidelines of the Marine Money ship finance forum in London.
The volumes so far in January translates to an annualised figure of just 250m tonnes from the South American country, but the hope is that Vale, Brazil’s largest...
http://mfame.guru/dry-bulk-market-stays-elusive-says-shipping-company-chief/