Glimmer of hope for the bleak dry bulk market?
Much like last year, 2020 has started off on a weak footing for the dry bulk market, with capesizes in particular falling well below operating costs due to weather-related disruptions in Brazil and Australia. Perhaps more importantly, sentiment has been weighed down by concerns about the effects of the coronavirus on demand for imports from China
Market participants expect the dry bulk market could pick up in the second half of the year if the virus is contained