Turning point in dry bulk has shipowners dreaming of multiple-year boom

2021 turned out to be the year when the dry bulk market finally saw a sharp upturn after a number of difficult years. With the lowest orderbook in more than a decade coupled with China roaring ahead, analysts and executives project a sustained boom in years ahead.

Eagle Bulk CEO Gary Vogel | Photo: Marine Money

With the lowest orderbook on record and not least a major import spree in China, dry bulk operators are starting to dream of a highly lucrative market that could last until 2023 at the very least.

In the dry bulk market, executives and analysts alike expect that the strong market which has been gathering momentum in 2021 will only continue for years to come.

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