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An opinion piece on bulk shipping describes the decade-long downturn in dry bulk markets since 2008, with cycles of roughly three to four years driven by demand and fleet overbuilding. It notes ships last 20 to 25 years and that commodity demand growth has been slow relative to newbuild deliveries.
Persistent fleet oversupply keeps dry bulk freight rates structurally low, which supports cheaper ocean transport for feed grains and meal over the medium term.
maritimeprofessional.comBarry PArkerMay 22, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
