Dry bulk owners enjoying a welcome bounce in earnings and asset values should be prepared for pressure in the second half of the year as the impact of China stimulus wanes and port efficiency improves.
In its latest monthly HORIZON report, Maritime Strategies International reports a relatively positive short-term outlook but adds that belief in a post-COVID, stimulus-led dry bulk trade recovery only partly explains the strength of the market.
Dry bulk markets are exhibiting significant ‘froth’...