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Low fleet growth lifts dry bulk spirits

Optimism surrounds the new year prospects for dry bulk markets, given the low fleet growth and the expectations of returning demand following the coronavirus pandemic. However, caution is advised, as bullishness at the start of previous years has failed to materialise

Dry bulk markets should be entering a period of higher rates, given a downcycle that spanned four years from 2016; but uncertainty about the pace of the recovery post-pandemic is still causing some concern

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