Subscribe to RSS feedIron ore demand will not save dry bulk sector from new lows
by
Marcus Hand, Singapore
—
last modified
Oct 02, 2009 11:13 AM
MAJOR Asian dry bulk owners and operators have warned that the worst is yet to come for the market as an onslaught of newbuildings enter the fleet, outstripping demand.
Despite the surprise upturn in the dry bulk market in the first half of this year, a downturn is forecast for 2010.
“Next year might be what we feared 2009 would be. I think we delayed the problem,” Wah...
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