Second-hand bulker values are tipped to spike by a further 10% in the coming year as the dry cargo recovery enters its second leg, Fearnley Securities says.
Analysts at the Norwegian finance house also see significant upside in some dry cargo equities despite the peer group climbing by more than one quarter in 2017.
In an update on the market, Espen Landmark Fjermestad, Peder Nicolai Jarlsby and Lars Konrad Johnsen said: “The First leg of the dry bulk rally completed, but this recovery story has two legs.”
