Watch Ralph Leszczynski, global head of research at Banchero Costa, give his take on the dry bulk markets.
Leszczynski took the hot seat for the opening quick-fire Q&A markets salvo at last week’s Maritime CEO Forum held at the Fullerton Hotel in Singapore. The analyst told the exclusive shipowner gathering that dry bulk will remain very tricky throughout 2019.
Citing the series of disasters that have hit miners so far this year as a “series of black swans” Leszczynski said he expects rates to pick up in the second half for bulkers but for the year as a whole to not surpass 2018’s performance. Leszczynski said it was still to early to assess just how much Brazilian miner Vale’s woes over the past three months would actually take cargoes out of the market.
Maritime CEO Forum Singapore was sponsored by AVS Global Ship Supply, Cobham, Cockett Marine Oil, Dualog, Inmarsat, Liberian Registry, Lloyd’s Register, Marlink, ShipServ, Veritas Petroleum Services and Wilhelmsen Ship Management. The next Maritime CEO Forum will take place at the Monaco Yacht Club on October 22.