Dry Bulk Market Could Be Headed Back to 2008

Jun 20, 2021 at 01:22 PM CST
The dry bulk market is slated for a renewed rally during the summer months, one which could see rates return to records not seen since 2008. In its latest weekly report, shipbroker Allied Shipbroking said that “last week’s (7-11 June) stellar performance in the dry bulk market could well be a good sign of W-O-W change things to come. With the rapid rise in freight rates noted over the past few days coupled by the strong resurgence being noted in commodities market prices almost seems like a precursor of what is about to unfold.

Jun 20, 2021 at 01:22 PM CST

The dry bulk market is slated for a renewed rally during the summer months, one which could see rates return to records not seen since 2008. In its latest weekly report, shipbroker Allied Shipbroking said that “last week’s (7-11 June) stellar performance in the dry bulk market could well be a good sign of W-O-W change things to come. With the rapid rise in freight rates noted over the past few days coupled by the strong resurgence being noted in commodities market prices almost seems like a precursor of what is about to unfold.