Dry bulk ‘not out of the woods yet’
Despite improving rates in the spot market based on rising global economic activity, the dry bulk market is ‘not out of the woods yet’, according to Robert Bugbee, president of US-listed owner Scorpio Bulkers. He added that he would be a seller rather than a buyer in today’s environment
Speaking on an Arctic Securities webinar, Mr Bugbee said that he does not see the company stepping out to buy dry bulk fleets as it would not improve performance
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