Senior dry bulk shipping players are displaying cautious optimism that freight rates have bottomed out and the market may have turned the corner.
“I think we’ve seen the worst,” John Platsidakis, managing director at Angelicoussis-controlled Anangel Maritime Services, told a Capitallink conference in Athens on the opening day of Posidonia.
“There are some positive indications that the good market is not that far away,” Platsidakis added, citing the lack of newbuilding orders and demolitions, as well as the approach of special surveys and ballast water management rules.
Hamish
