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Cargill: Dry bulk set to leave dark years behind

According to one of the world's largest companies, American Cargill, the growth in demand for dry bulk has surpassed the supply of ships for the first time in many years.

Photo: K Line

Following several years of decline in the global dry bulk industry, it looks like the depression is over and that things are now slowly getting better. But shipowners and analysts are currently debating whether the industry is looking at a brief recovery sustained by China's huge appetite for iron ore, and whether darkness will once again settle over the global fleet of bulk carriers.

According to one of the world's largest companiess, American Cargill, which is also one of the world's biggest owners of tonnage with around 400 dry bulk and tanker ships at its disposal, thus serving as a key indicator for the development of the global economy, the worst part is over and the market is looking at a gradual recovery, albeit a choppy one.

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