The chief executive of the New York-listed bulker and containership owner told analysts today that  recovery should continue for the next 18 to 24 months in the dry sector.

“For 2014 and 2015, we feel that as long as the global economy does as the analysts are suggesting it is going to do, i.e. a little bit better, we should see a little bit better charter rates as well,” he said during an earnings briefing, although that he noted that question marks remain about the 2016 outlook.

Pittas