Cash burn remained the order of the day for bulker owners with the Baltic Dry Index (BDI) retreating once again.
Today’s slip came as Clarksons Platou Securities warned a recovery was some way off and the majority of public owners in the sector could face “material liquidity issues".
"With the dry bulk market finding a way to reach new lows by the day, we view the market to be in pure survival mode for the coming year," its analysts said in a report.
The
