Credit-Suisse says bulk carrier prices will increase

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. 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 near future.