Dry Bulk Shipping: Is Recovery In Sight?

LONG BEACH (US) – Dry bulk shippers have struggled mightily in recent years. Dry bulk shipping rates bottomed in 2012-2013 with rates below operational costs. Multiple shippers, including Excel Maritime and STX Pan Ocean have filed for bankruptcy. In 1973 tankers hit bottom but shipping rates for tankers remained low until the mid 1990s Dry…