The Dry Bulk Outlook
While fleet supply growth is expected to outstrip demand growth in 2020, the effect on speeds from the International Maritime Organization’s new sulphur cap should be taken into account
While some in the market are expecting freight rate increases of up to 20%, others are more lukewarm. In any case, capesizes should be able to benefit with an anticipated rise in iron ore volumes from Brazil versus a muted 2019, while minor bulks will be hit by Indonesia’s ban on nickel ore exports
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