Bimco has warned that players should not expect bulk markets to bounce back from the downturn in 2020 like they did in 2016, even as the capesize spot market posts its fifth consecutive trading day of growth.
The Baltic Dry Index (BDI) rose by 40 points to 632 on Thursday, aided by a stronger capesize spot market.
But in May and early June the BDI reached the lowest level recorded for that period for 20 years and Peter Sand, Bimco's chief shipping analyst, forecasts that bulk markets...
