Analyst Doug Mavrinac argues the supply demand outlook is potentially positive, given the size of the orderbook and favourable conditions for Brazilian and Australian commodities over Chinese domestic products.
“The outlook for the dry bulk shipping market is murkier than it otherwise would be as a result of Brazilian iron ore exporter Vale holding back on cargoes in 2H14 (reducing demand by 150-160 Panamax-equivalent vessels) and potentially holding back in 2015,” he said in a report.
The
