Positive momentum evaporates from the dry bulk market.

Byline: S. Kamal Hayder Kazmi

The dry bulk market's upwards momentum seems to be a thing of the past, as market observers brace themselves for a couple of rough months ahead. According to Mr. Thomas Chasapis, Research Analyst with Allied Shipbroking "having closed of the first month of the final quarter of the year, I would say that the previous enthusiasm seems to have evaporated now (to some degree at least). As we discussed in previous market views, the hefty collapse in freight rates for the large Capesize can be seen as a mere reflection of this. It is true, that in a year-to-date basis, the...