Following a tough 2020, the dry bulk shipping companies can look forward to more positive markets this year with an expected increase in demand of up to 6 percent, projects Chief Analyst Joakim Hannisdahl of Norwegian investment bank Cleaves Securities.

He is currently putting the final touches on the investment bank's annual report, Shipping Annually, which in addition to an analysis of the past year also offers projections about market developments in 2021.