Dry cargo market prospects

A strategic attack to the aboriginal of the adust bulk marketplace was presented by the president and CEO of DryDel Shipping, Costas Delaportas, speaking astatine the Capital Link league successful the discourse of the planetary shipping week successful London.

The main topics of his presumption were the diversification of the fleet and the attraction of fiscal discipline. Delaportas emphasized that “with caller capital, I would take some Capes and Ultramaxes, arsenic I americium successful favour of diversification,” while expressing optimism astir the prospects of Capes.

He besides stressed that “discipline is the operator of semipermanent success”, while describing ember arsenic “a origin that will stay progressive successful the mean term, owed to accrued vigor needs.”

He concluded that the projected maturation of tonne-miles by +3.5% successful 2026 and +4% successful 2027 creates the conditions for a much balanced adust bulk marketplace successful the coming years.