Dry bulk shipping executives offered a mixed outlook on the remainder of 2017, with hopes that Brazil’s iron ore exports will improve and charterers grow wary of hiring very large iron ore carriers (VLOC) in the wake of the Stellar Daisy casualty.
The Baltic Dry Index (BDI), the broad measure of freight rates in dry bulk, has given up all its gains for the year and now sits some 36% below its end-March peak at 844.
