The dry bulk sector maybe on an upward trend, but the interest in the sector is not universal according to one Asian analyst.
Malaysian Industrial Development Finance Berhad (MIDF ) said it is dropping coverage of Malysian Bulk Carriers (Maybulk) due to a lack of “institutional interest”.
“We foresee few re-rating catalysts for the company due to a prolonged downturn in dry bulk shipping and offshore support vessel charter rates,” said MIDF analyst Tay Yow Ken.
