dry bulk cargo

Rand Logistics will purchase the American Steamship Company for $260 million.

Market prognosticators have been saying dry bulk will recover “next year” almost every year for the past decade. Will it finally happen in 2020?

Beijing’s new dry bulk shipping regulations give the Chinese authorities powers to issue stop/suspend work, to redirect vessels and to prevent entry or exit from ports. There are a variety of monetary penalties for non-compliance.