Freight News, Sea

Improving Demand Easing Oversupply in Dry Bulk Shipping

[ February 23, 2017   //   ]

With contraction in vessel supply and healthy demand growth, the dry bulk shipping market is expected to recover from 2017 onwards, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.

An impressive outlook for dry bulk demand coupled with a small order book of newbuilds as a percentage of the total fleet capacity will ensure a sustained recovery in the dry bulk market. Earnings in the dry bulk market are expected to improve from 2017 with a narrowing supply-demand gap. Demand is projected to grow at a healthy pace of three percent while supply is expected to grow by about one percent from 2017, making the dry bulk segment an interesting market to invest in.

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