ShippingWatch

Golden Ocean CEO sees the strong bulk market extend into 2024

Golden Ocean's CEO sees the extraordinady upturn in the dry bulk segment continue into 2024. This would be the longest recovery the market has experienced in decades. ShippingWatch has interviewed Ulrik Andersen.

Photo: Golden Ocean

Capesize rates of 60,000 dollars a day, a daily breakeven of 12,700 dollars and the largest capesize fleet in the world with 56 ships on the water bringing in cash.

It is simple math. Right now is a historically good time to be in dry bulk, and Ulrik Andersen, CEO in Golden Ocean, expects the positive market can last well into 2024 meaning he, right now, looks into up to 1,000 profitable trading days.

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