Pick-up in dry bulk vessel orders leaves the market unfazed
As dry bulk newbuilding orders rise versus this time last year, with a slowdown in scrapping, no one in the market is sounding alarm bells (yet). Demand growth is still expected to outweigh the expansion in vessel supply in 2018
The rise in new contracting should not derail the recovery, say market participants, as demand growth is still higher than supply growth for 2018
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