“There would be very few people out there who would not be forced into taking some action as it's rough out there right now.”

Jens  Ismar sums up the predicament for bulker owners.

Bulk Invest looks to 'find a way forward'

 “When things really hit the fan, the banks look at minimum liquidity covenant. Banks will not budge on that.”

Analyst Amit Mehrotra opts for the more polite fan analogy in his latest survey of the dry market.

Risk