Dry Bulk Shipping Group CMB Expects Volatile 2015
Posted by Eric Haun
Thursday, January 22, 2015
Belgian dry bulk shipping group CMB on Thursday said markets would remain volatile after a disappointing 2014 in which falling commodity prices reduced stock building by clients.
The group added that freight rates would come to a sustainable level once overcapacity in the shipping market was reduced.
For 2014, CMB posted a core profit of $44.1 million, down 57 percent from 2013.
(Reporting by Robert-Jan Bartunek; Editing by Michael Urquhart)