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Coronavirus slows dry bulk market to a crawl

The dry bulk market is expected to stay in the doldrums in the coming weeks, weighed down by the coronavirus and persistent oversupply of tonnage. With the infectious disease clause being introduced, a number of fixtures have failed, leading to weak market sentiment

BHP warns that if the outbreak is not contained by March or in case it re-emerges, that would be damaging for both real activity and market sentiment

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