Container shipping boom is bleeding over into dry bulk
Genco, Eagle Bulk and Safe Bulkers top forecasts amid decade-high dry bulk rates
Dry bulk is off to a great start this year (Photo: Shutterstock/Maks-ph)
Everything’s connected in ocean shipping. Very high demand for ships in one segment can affect supply-demand fundamentals for entirely different vessel types.
It’s happening now. Container shipping is so strong that reverberations are being felt in dry bulk. Spillover effects are boosting dry bulk fundamentals just as demand for traditional cargoes is rising. Spot rates for all bulker size categories have not been this high since the late 2000s.