Tagged: dramatic

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Dry Bulk CEO: “In the coming months there will be a lot of bankruptcies, counterparty risk will be on everybody’s lips. The market has never been this bad before in modern history. We haven’t seen a market this bad since the Viking age. This is not sustainable for anybody and will lead to dramatic changes.

In the past three months we have repeatedly shown that, despite the recent modest rebound off the all time lows, the bottom is about to fall out of the dry bulk shipping market in...