The seventh annual London Marine Money Forum threw up some interesting and challenging perspectives on where the shipping markets are heading in 2016. With dry bulk freight rates at their lowest levels for 30 years, scrap values at the level of steel prices, overcapacity in the dry bulk fleet and falling newbuilding costs, it seems inevitable that some owners will have to restructure debt with their lenders or fold and exit the dry bulk space, with some shirts having been lost on the way.
“Discussions
