Alan McCarthy’s special Q1 2107 trend Analysis for Bulkers and Tankers
Charts for values, earnings and depreciation together with commentary are provided in Appendices 1 – 6 below.
There has been some discussion in recent weeks suggesting that the long-awaited recovery in the dry-bulk sector is now on the horizon. Factors that influence this opinion range from; the dearth of newbuildings contracted since the end of 2014, an improving ratio between the orderbook and the trading fleet (although in the Capesize sector it is still high by historical standards), better than anticipated data on world trade growth for 2017 and increasing iron ore and coal imports by China following the Government’s latest economic package.
Certainly we can say that the sector has now awoken from its “Nightmare on Elm Street” that was the first quarter of 2016. It may be correct to describe the current market as just a bad dream from which we are still to awake.
But how bad has this market been in comparison to previous troughs.
Viewers can log herebelow and read the full report: Trend Analysis – Q1.2017