London-listed Taylor Maritime Investments (TMI) believes handysize bulker markets could be set for an improvement towards the end of this year.
The Edward Buttery-led owner said the recent softening of the market was triggered mainly by port de-congestion, which released previously constrained supply and coincided with the seasonal summer holiday lull.
The market has since shown signs of recovery with the Baltic Handysize Index up about 16% at quarter-end since its early September lows.
