The leading names of shipping see signs of optimism among owners that the worst dry bulk market in decades may have passed. But there are also also words of caution that the year ahead remains unpredictable and the industry needs to remain disciplined in both scrapping tonnage and refraining from ordering newbuildings.
China, OPEC, politics and regulatory requirements remain key in deciding the future for both dry cargo and tanker players, while it has to be seen whether consolidation is the catalyst for change in the liner industry.
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