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Dry Bulk Shipping Group CMB Expects Volatile 2015

Maritime Activity Reports, Inc.

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)

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