Angeliki Frangou encouraged by shrinking capesize fleet
Navios Partners eyes second-half recovery in dry bulk market after loss-making start to 2020. As countries emerge from quarantine and return to normalised ways of doing business, Navios expects this will increase the need for dry bulk cargoes
Capesize fleet reduction has resulted from accelerating non-deliveries and scrapping of vessels alongside Vale’s recent announcement of its intent to phase out 25 converted very large ore carriers
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