Arguments over when the slump in the capesize bulker markets will end, and when a sustained upturn will set in, will rage on. Will it be 2017? Or 2018? Or perhaps even later?
But there is one thing of which the market can now be certain: For the next decade, at least, there is no chance of a windfall spike in profits for shipowners the likes of which was seen in the boom years of the 2000s.
The
