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Herman Billung on historically strong market: Somewhat of a fairy tale

Even for seasoned dry bulk profiles like Herman Billing, it was impossible to imagine in the Spring of 2020 that the rates for large capesize vessels would reach around USD 70,000. A year and a half later, the upturn appears to be holding up. "I m quite surprised by how strong it is," says Billung to ShippingWatch.

Herman Billung on historically strong market: Somewhat of a fairy tale

Even for seasoned dry bulk profiles like Herman Billing, it was impossible to imagine in the Spring of 2020 that the rates for large capesize vessels would reach around USD 70,000. A year and a half later, the upturn appears to be holding up. "I m quite surprised by how strong it is," says Billung to ShippingWatch.

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