18OCT2019 - NEWS - Tanker and Dry Bulk Owners Enjoy Improving Market Conditions

Ship owners from the two main shipping “powerhouse” markets, i.e. the dry and wet ones, have been enjoying a period of elevated freight rates of late. In its latest weekly report, shipbroker Intermodal said that “in perhaps the most interesting market conditions of the past years, the tanker and the dry bulk industry have created a positive sentiment with regards to freight rates. Starting from the early-mid of summer the dry bulk industry followed a significant upward trend and despite some minor corrections that have been occurred lately, the BDI seems to have stabilized at high 1,000 points. Levels, which seem particularly attractive when compared to the recent past”.