Three demand positives are helping to eat into the negative balance of the depressed dry cargo market, Clarksons Platou Securities argues.
Chinese steel output coupled with stronger iron ore and coal imports are assisting in setting the market up for a tighter balance in the approach to 2017, analyst Omar Nokta argues.
“While questions remain as to the sustainability of these trends, for now the vessel imbalance is gradually diminishing,” he wrote in a report today.
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