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Dry bulk in significant progress but China's climate targets could change demand

Danish Ship Finance sees significant progress for the dry bulk market in the short term. But changes in China's demand could weaken the market in the long term for large and medium-sized ships, predicts a new analysis.

Photo: PR / Pacific Basin

The dry bulk market is booming and dry bulk carriers can look forward to increasing rates in the coming months.

However, underneath the current growth in demand lurks strategic challenges that can prove difficult for carriers in the long term, concludes Danish Ship Finance's Shipping Market Review – May 2021, which points to significant progress in all dry bulk segments.

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