March 2017

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29-March-2017

Credit-Suisse analyst Greg Lewis says dry bulk carrier values will continue to progress. 2017’s improvement means that bulker asset values have risen by around 40% since the BDI - Baltic Dry Index set record lows in Q1 2016. The scarcity of modern dry bulk carriers for sale will push asset prices for both modern and middle-age bulk carriers. Period market is gaining breadth with 83 fixtures Q2 2017 and many charterers fearing higher rates in the near future.