Business Data
Global industry overview - dry bulk rates struggling t o recover from 25 year low as supply/demand imbalance continues
With dry bulk rates remaining depres s ed and concerns g rowing about a pos s ible fall-off in Chines e demand for imports of coal and iron ore, BMI's view on the dry bulk s ector remains bearis h. The s ector remains hig hly dependent on Chines e demand, as demons trated by the fact that the Baltic Dry Index reacheda 25-year low in February when China s topped importing dry bulk g oods during the New Year holiday. This dependency is s et to remain an area of weaknes s for dry bulk s hipping g oing forward, and we s ee no recovery on the horizon for the s ector.