The dry bulk market is boomingwith rates at their highest levelsin over 20 years and anunprecedented level of new shipsbeing ordered. Ken Tree ofKTR Maritime reports. Dry bulk earnings are at their highestlevels in over 20 years with the DrewryEarnings index crossing 600 points inMay. While it is true that bunker pricesalso rose sharply over the month withRotterdam at over USS300/tonne for Heavy FuelOil (HFO), it is also the case that this market isbooming with unprecedented levels of support.
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