Dry bulk optimism likely to sail on into next year
The appetite for imported commodities, which is supporting dry bulk vessel demand, has been fed by rising commodity prices. The demand surge is causing a commodity shortage that will eventually fade as production ramps up
The dry bulk market is nowhere close to a theoretical ceiling and could easily quadruple from current levels without destroying demand, according to Stifel research, which expects demand for dry bulk ships to rise by 5% this year and continue next year