Berge Bulk CEO James Marshall is bullish about the next two years for dry bulk shipping as a fundamentally stronger market is “supercharged” by Covid related constraints.

The dry bulk shipowner Golden Ocean Group has inked an agreement for the construction of three 85,000 dwt eco-type kamsarmax vessels at a Chinese shipyard.

This year, for the period January-August, most of the vessels that entered the Panamanian Registry were bulk carriers.

In another sign that container shipping is reaching the insane freight and charter rate levels of dry bulk shipping supercycle in 2008 the new business opportunity is carrying containers on bulk carriers.

Canadian dry bulk shipping company Fednav has ordered ten new vessels with Japanese partners.

China’s 49.2 manufacturing PMI indicates falling activity in August, but is not yet a cause for concern, according to Bimco.

With the worth of the global merchant shipping fleet at an all-time high of $1.2trn, value of the Greek-owned merchant fleet grew over 32% in the past three years and now stands at $132.58bn, reports consultancy VesselsValue.

The south Chinese port of Guangzhou is mapping its three-year development plan to strengthen its position as an international shipping hub.

China’s iron ore imports fell to 88.5m tonnes in July, the lowest level since May 2020, according to Bimco.

Ports of Stockholm reported a 9.6% increase in freight volumes for the year to July.