Golden Ocean CEO: Dry bulk remains at low levels

Even though the dry bulk market has improved significantly since 2016, the level is still low, says Golden Ocean CEO Birgitte Vartdal in an interview with ShippingWatch. "We're experiencing a positive trend."

Photo: Golden Ocean/PR

In the last couple of months, financial reports from dry bulk shipping companies such as Pacific Basin, Western Bulk and Scorpio Bulkers have illustrated the positive developments in the market after 2016, which marked an all-time low for dry bulk.

Either in the form of actual profits, as was the case for Western Bulk and Pacific Basin, or through significantly reduced deficits, as for instance Scorpio Bulkers.

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