Shipowners pondering on placing more new building orders or adopting “wait-and-see” approach

With the Dry Bulk Index (BDI) losing more than 20% of its value from the start of 2011, it only seems reasonable, that the once bullish stance that many ship owners had for the dry bulk market’s prospects at least from 2012 onwards, seems to be losing faithful supporters. The industry’s benchmark closed yesterday further down by 1.28% to just 1,393 points and is now at the lowest in two years.
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Source: Hellenic Shipping News