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GoodBulk sees capesize market as ‘finely balanced’

Bullish capesize owner GoodBulk increased profits in the fourth quarter owing to an expanded fleet, but admitted the market had disappointed. Moreover, its outlook for this year has grown more muted as it believes the market is ‘increasingly subject’ to Chinese government policies, trade relations, developments in Brazil and other major trends

Normally bullish bulker owner posts seventh consecutive quarterly profit but says market increasingly hinges on various key factors

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