Capesize owners are caught in the eye of a storm and facing a difficult year due to demand headwinds, Allied Shipping Research says.
After a sharp drop in earnings during the first quarter, however, analysts suggest the picture can only improve from a shipowner's perspective.
A dam disaster in Brazil and a slowdown in China have helped drag down freight rates, with the Baltic Dry Index hitting the lowest level in well over two years during the Lunar New Year holiday.
