“The dry bulk market is about to surprise a lot of people in 2021, something that is not priced in the futures and is not in the mind of most investors,” Breakwave Advisors suggested in a report earlier this month. The opening days of the year did indeed surprise with capes jumping into profitable $25,000 a day territory. “A lethargic decade for the industry is behind us, where fleet growth was consistently exceeding the ever-reduced demand growth,” Breakwave continued. “But such ...
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