From Lloydslist:
In the dry bulk spectrum, owners can only keep the faith and stay calm. Freight rates have bottomed since the first quarter amid more scrapping, newbuilding cancellations and delays, but persistent oversupply and soft Chinese demand growth will likely keep a lid on any gains. As the orderbook size is still uncomfortably large, owners probably can only continue take the same measures to control supply while waiting for demand growth to pick up — which may not happen for another one or two years.