“Our market is in fire”, were the words of DNB shipping analyst Jorgen Lian began the session covering drybulk shipping sector at the Capital Link Shipping Forum. Panel members went on excitedly about the great opportunities for ship owners (and for investors in the listed companies) with the market at levels not seen since 2007.
Martyn Wade, the CEO of Grindrod Shipping- a specialist in small and medium bulkers shared his enthusiasm when noting that “We’ve not seen a market like this in 10 years. It’s been the most perfect storm that we could have asked for.” Mr. Wade, picking up Jorgen Lian’s introduction was quick to mention the coal stockpiles truly on fire as part of this perfection.
View entirety: gCaptain