A major owner of capesize bulkers remains bullish on the outlook for the sector in 2019 despite worries over the impact of last week’s collapse of a Vale-owned dam in Brazil.
John Wobensmith, chief executive of Genco Shipping & Trading, tells TradeWinds that capesizes remain one of the most promising classes in the owner’s fleet this year and that initial negative projections from equity analysts probably have been overstated.
