A river-going bulk carrier
Dry Bulk Market Review 2017 – Was it a recovery or just a good break?

Do you remember our market analysis almost one year ago, when we tried to predict the market trends for 2017? It looks like the market moved into this direction and it also outperformed our expectations. After approximately two very bad years when the market touched historical low levels, a moderate market improvement started during the 2nd half of 2016 and in 2017 we saw again the growth rate of demand for shipping services (ton-mile trade) to supersede the fleet growth.