In the bulk cargo market has experienced a long time in the doldrums, accompanied by BDI index rising, now most of the bulk carrier ship owners feel the breath of the market recovery. No one is more sensitive to the market than the ship owner. It has been several years since the chorus of such unison has not appeared. It is clear that the worst is over and the market has become more and more clear.
           Chorus: the time has come for the market to recover
           "We have had the most difficult time," said Mats Berglund, chief executive of Pacific shipping, at the tenth Hongkong shipbuilding finance forum, which was held recently. The downturn has been incredible for so long, and now it's time for the market to recover."
           Mats Berglund said the worst dry bulk shipping market has to go past the first quarter of this year, dry bulk freight index in the last year after bottoming out, the expected date of agricultural products and building materials demand gradually increased, and the two countries to invest in infrastructure and project market recovery is expected to benefit the development of the industry.
           Asia Maritime Pacific CEO Mark Young agreed with Berglund on the current market situation judgment, and stressed that the market is recovering from a very low level.
           Lei Yang, director of marine transport in Cargill, China, also agreed with signs of recovery in the market, saying more long-term lease contracts have been launched on the market. But he was surprised at the speed of recovery. He pointed out that the producer price index (PPI) of the Chinese) and the consumer price index (CPI) the widening gap between February, the gap has widened to 7 percentage points, indicating that the domestic supply of goods, which may lead to trade growth, rising freight rates.
           Warning: more patience is needed for a complete recovery
           Pacific shipping CEO Mats Berglund also said that although the bulk freight achieve profit level has continued for about a week, but the owners still need to continue to ship out of more than 25 years of age old ship, and building new ships need to be cautious. Berglund said, hope the bulk transportation industry participants to seriously consider the existing market excess capacity, the additional capacity from various sources, such as ship slowdown, freight once improved, these ships will begin to return to normal speed.
           Asia Maritime Pacific CEO Mark Young pointed out that last year BDI low to 290 points around the market downturn is very special, although this situation is unlikely to occur again, but can not be ignored is that at the beginning of 2017 BDI more than 600 points, down for a period of time. Young warns that BDI is not sure whether it can continue at 1200, and the tentative conclusion is "probably not."."
           At the same time, Langton Shipping's Michael Birley said: "in general, I am optimistic, but I think the market is only from very bad to worse, good performance is still early."." He also pointed out that as commodity prices lead to short-term price increases, especially in iron ore and coal, Cape of Good Hope bulk cargo market appeared a lot of short-term transportation transactions, transportation volume has increased significantly over the first half of last year. This view is in line with the opinions of other speakers.
           Berglund finally stressed that, despite the relatively positive market demand, but fleet capacity is still growing, while in the case of higher freight rates, dismantling activities almost stopped. He warned: "our current fleet growth is higher than in the past year, this is still worth vigilance.". We need more patience before the market can achieve a sustainable recovery."