LDA to grow dry bulk fleet as ships stay cheap

French shipping group Louis Dreyfus Armateurs (LDA) said it could acquire more vessels on top of a recent order with a Chinese builder as it seeks to profit from attractive prices.

LDA is pursuing a "counter-cyclical" strategy to expand its fleet during a current downturn in freight, with the expectation the market will have recovered when the new ships are delivered, Philippe Louis-Dreyfus, the group's president, told reporters.
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Source: Reuters, Forexpros