Bulker owner earnings season shows chorus of 'positive' outlooks
"Vale reiterated the target of 400m to 450m tonnes of production capacity by the end of 2022," chief executive Petros Pappas told analysts.
He also said that coal tonne-miles should expand by 5.3% during 2021, backed by a strong recovery in global coal demand in Indonesia and India during the first half of this year.
At the same time, China's strong demand for grains and strong global GDP growth should boost tonne-miles by 4.3% this year, he said.
"Our outlook for the market remains positive," he said.
Dry bulk shipping also stands to benefit from strong GDP growth and higher seaborne cargo volumes, said Ioannis Zafirakis, chief operating officer of Diana Shipping.
"This positive demand picture, combined with a record low orderbook … supports our constructive view on market developments looking ahead," chief executive Gary Vogel said.
Zanimljivo je da se zbog iznimno visokih vozarina za kontejnerase dio njihove robe pocinje prevoziti bulkerima.
Benefiting from boxships
He attributed the Pacific outperformance to a higher number of backhaul trades, including cargoes that typically move in containers.
“We estimate up to 10% of all cargoes moving on bulk carriers from the Far East to places like west coast South America, Europe and the US was container cargo spilling into the conventional bulker market as a result of much higher container rates," he said.
“These cargoes include smaller semi-finished steel parcels, fertiliser in bags, bagged cement, chemicals in bags and lumber.
“Given the ongoing strength in the container market, which is due in part to supply-chain inefficiencies, we expect this dynamic to continue at least through the balance of the year."
