The dry bulk market should reverse course this September amid one of the longest recoveries seen in centuries, according to analysts.
The Baltic Exchange Dry Index (BDI) has fallen steadily in the past month, from 1,606 points on 3 December to 791 points on Tuesday.
2019 was a year of extreme highs and lows for the BDI, bottoming out at 595 in February after the dam disaster at a Vale mine in Brazil, and later peaking at 2,501 points on 3 September, a high not seen in almost nine years.
