Maxim Group has initiated coverage of four US-listed dry bulk companies amid the belief the sector will enter into a sustain recovery in 2018.
Jang said vessels oversupply seems to be dissipating, making a return to mid-cycle rates in 2019 possible.
Jang added that the panamax and capesize segments should lead the way in terms of a recovery.
Maxim has started coverage of Safe Bulkers, Seanergy and Euroseas with buy ratings and Eagle Bulk at hold.
