Drewry Expects Modest Recovery in Dry Bulk Sector

The depressed dry bulk market could recover partly in 2015 and underlying earnings could improve marginally, according to Drewry Maritime Equity Research (DMER).

In 2014, the value of equity market participants in listed dry bulk companies eroded massively, with many companies losing more than half of their market capitalisation.

At the start of 2014, the market expected earnings to improve on the back of recovery in underlying freight markets, but optimism soon turned to pessimism as the companies failed to meet expectations through the year.

Devanshu Saluja and Rahul Kapoor, analysts at DMER, stated: ”We see a fragile earnings outlook for the Dry Bulk sector with an uptick in demand pushed late into the year. However, moderating supply growth should see better fundamentals emerge through 2015-16 and the improving supply-demand balance should see stock prices stage a modest rebound in 2015.”

DMER has initiated coverage on the Dry Bulk sector with Scorpio Bulkers , D/S NORDEN , Diana Shipping, Navios Holdings and Pacific Basin.

DMER has rated Navios Maritime Holdings and D/S NORDEN as ”Attractive”, while it classifies Scorpio Bulkers as a high-risk, high-reward proposition. DMER remained ”Neutral” on Pacific Basin and Diana Shipping.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >