Wednesday, November 7, 2012

[Marine] Dry slump ended, DNB says

Dry slump ended, DNB says

Norwegian bank shows high hopes in dry bulker segments.

DNB called the end of the four-year-long dry bulk slump, after a quarter-on-quarter 40% jump in iron ore tonne-mile demand.

Capesize bulker rates more than doubled over the past few weeks.

DNB insisted the large expansion of low-cost iron ore and coal exports looks positive on dry bulk sector as a whole.



Published : November 6, 2012


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