Dry bulk shipowners are shooting themselves in the foot by ordering too many vessels, but new environmental rules that kick in from 2020 will probably stabilise the market, Petros Pappas believes.
The introduction of regulations such as 0.5% sulphur content in fuel oil and new ballast water treatment systems are a “bonus” the shipping industry "didn’t expect", the Star Bulk Carriers chief executive told a Capital Link conference in Limassol, Cyprus.
