Will 2020 Mark the Return of the Dry Bulk Market to Form?

Dec 10, 2019 at 10:26 AM CST - 1
With a couple of weeks still remaining for yet another year of a rollercoaster ride in the dry bulk market, analysts are pondering whether 2020 will be any better. In a recent report, Allied Shipbroking said that “the uncertainty witnessed this year in the iron ore trade has been extraordinary making for a very volatile freight market for the Capesize sector, which varied wildly from a low of US$3,460 to a high of US$38,014 in the year so far. However, the improvement being witnessed since Q3, has boosted overall perception as to the prospects of the iron ore market in 2020”.

Dec 10, 2019 at 10:26 AM CST

- 1

With a couple of weeks still remaining for yet another year of a rollercoaster ride in the dry bulk market, analysts are pondering whether 2020 will be any better. In a recent report, Allied Shipbroking said that “the uncertainty witnessed this year in the iron ore trade has been extraordinary making for a very volatile freight market for the Capesize sector, which varied wildly from a low of US$3,460 to a high of US$38,014 in the year so far. However, the improvement being witnessed since Q3, has boosted overall perception as to the prospects of the iron ore market in 2020”.