In the Nasdaq-listed operator’sfourth-quarter earnings report George Karageorgiou said he expects to see a “significantturning point in the trajectory of charter rates” in 2014 since underlyingmarket fundamentals are starting to improve.
“Followinga lengthy period of oversupply with regards to dry bulk ships we’ve seen animprovement in the orderbook,” he added. “2013 newbuilding deliveries were 37%lower than in 2012, which led to just 6% growth in the overall fleet – the slowestgrowth level since 2003.
“Spot
