After reaching low levels akin to those seen in the wake of the global financial crisis in 2009, dry bulk earnings are expected to recover within the next three years.
The ship management company estimates that from 2015 seaborne trade growth will slow due to reduced construction activity in China.
“Consequently, dry bulk freight rates and ship values are likely to continue to rise, however slowly in 2014/2015 and peak during 2016/2017,” according to Newport.
The
