In an alert issued Thursday morning Omar Nokta of Clarkson Capital Markets acknowledged that the dry-bulk segment has been under “significant pressure” in recent months and noted freight rates are hovering at or near multi-year lows.
“Term charters have been slow to come by, asset values are on the decline and companies are facing a liquidity crunch,” he added.
While this may be the case Nokta is confident that day rates are going to rebound in the near-term, which bodes well for dry-bulk equities that, in some cases, have fallen by as much as 70% since the start of 2014.
“We
