Dry Bulk Market Plagued With Uncertainty

Dec 20, 2019 at 08:33 AM CST
No sense of direction and a “sea of uncertainty” are the reasons behind the dry bulk market’s lackluster performance of late. As a result, 2019 ends with a lack of optimism on the future. In a recent weekly report, shipbroker Allied Shipbroking said that “with the Christmas mood now firmly in place, it would seem that the focus of most is as to what the expected prospects are for next year. Given this, while assuming that it is highly unlike that we will see any extreme change in market conditions for the final few weeks of the year, it seems as though there is considerable debate as to what extent 2019 was a good year for the overall dry bulk sector”.

Dec 20, 2019 at 08:33 AM CST

No sense of direction and a “sea of uncertainty” are the reasons behind the dry bulk market’s lackluster performance of late. As a result, 2019 ends with a lack of optimism on the future. In a recent weekly report, shipbroker Allied Shipbroking said that “with the Christmas mood now firmly in place, it would seem that the focus of most is as to what the expected prospects are for next year. Given this, while assuming that it is highly unlike that we will see any extreme change in market conditions for the final few weeks of the year, it seems as though there is considerable debate as to what extent 2019 was a good year for the overall dry bulk sector”.