Unlike many of the Greek bulker owner’s New York-listed compatriots the company is not convinced that the second-half of 2014 will mark the beginning of a material recovery.
Despite the grim outlook about the health of the dry-bulk segment in the medium-term management pledged not to abandon its fleet expansion campaign.
While some analysts found Diana’s sobering commentary refreshing and applauded what one described as a “consistent approach” to a volatile market others feel the forecast is at odds with the ongoing pursuit of second-hand tonnage and newbuildings.
A
