Some ship owners expect a recalibrated supply-demand balance could lift freight rates in the second half of the year, although others are less optimistic as scrapping of older vessels slows. “Our outlook for the dry bulk industry remains positive for the medium-term, especially as the market absorbs the record deliveries of the past years,” Star Bulk chief financial officer Simos Spyrou said on a quarterly earnings call. Slow steaming and vessel demolition are keeping the ship owner “positive.”
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