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Dry bulk tonnage at a crossroads: is it heading down the oversupply path again?

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Watch: Dry bulk tonnage at a crossroads: is it heading down the oversupply path again?

The dry bulk market is going through its worst depression in three decades, throttled by tonnage oversupply. The next two years are to see even more new vessels hitting the water, making things even worse. However, as asset prices fall along with freight, are shipowners enticed to invest in even more tonnage? In this video Alex Younevitch, Kostya Tsolakis and Peter Farrell explore the latest trends in the dry bulk S&P and ship recycling markets, giving a forward outlook for the global dry bulk fleet.