The supramax specialist’s chief executive believes atrough has formed in the dry bulk market and expects to see what he describedas a “very meaningful recovery” 12 months from now.
“Withcapes at $4,500 a day up and supramaxes doing somewhere between $7,000 and $12,000,I think we are at the bottom,” he added during a conference call with investorsThursday.
Giventhe weak rate environment, lack of financing and low secondhand asset prices hesaid the dry-bulk orderbook is likely to level off in the coming year butadmitted there are still a few “wild cards” to consider when looking at thebigger picture.
Outsideof
