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Supercharged container market rubs off on Pacific Basin's bulk rates – at decade-high

Hong Kong-based Pacific Basin holds high expectations for the dry bulk market in coming years. The overheated container market contributes to demand surge, says CEO Mats Berglund.

Pacific Basin CEO Mats Berglund expects a strong dry bulk market in coming years. | Photo: Pacific Basin

Soaring container rates are benefiting the dry bulk market, which has already been exceptionally strong since the start of 2021, says Mats Berglund, CEO of Pacific Basin, at a teleconference.

Specifically, Pacific Basin's core segments, handysize and supramax, are currently operating at the highest rates since 2010, Berglund says.

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