Despite the ongoing trade war between China and the US, cautious optimism persists for the dry bulk shipping markets in 2019, with a forecast for decent trade growth, a small orderbook and the impact of the new IMO 2020 rules.
While the 2018 winter peak-demand season has underperformed market expectations amid iron ore supply chain disruptions, the Baltic Dry Index was expected to post a year-on-year gain for a second straight year, suggesting a rate recovery is well on track.
