As GDP growth slows down in China and India, so does demand for dry bulk shipping. Focus on handling the supply side challenge remains top of the agenda, including demolition activity that stays strong. Demand:
The Summer lull in the freight market is soon to be over as we enter into the seasonally-stronger final five months of the year. Hopefully, this will bring around higher earnings, but the outlook is unlikely to support a joyride similar to that of last year. The Baltic Dry Index (BDI) currently stands at 843 (August 6), a level which is 53% below the average of the final five months of 2011.