Taylor Maritime Investments (TMI) is pinning its faith in dry cargo fundamentals and slow ship speeds to support rates next year.
Ed Buttery, the chief executive of the London-listed handysize specialist, expects earnings to stay above historical averages into 2024.
“Despite macro uncertainties, we remain confident in the fundamentals of the geared dry bulk sector and are cautiously optimistic that slower operating speeds will have the effect of removing supply from the fleet as regulations come into force next year,” he said.
