Martyn Wade, CEO of Singapore-based Shipowners' Grindrod Shipping, said at the Capital Link webinar that the bulk carrier market will benefit from the post-epidemic recovery, port congestion, spillover from container ships to bulk carriers, and the trade dispute between Australia and China. He said: "The market has waited ten years to have such good returns. 90% of our company's fleet is traded in the spot market."

Bulk market in the fourth quarter peak season is not prosperous. Although the industry had previously expected bulk freight rates to start to pick up as winter approached, the BDI index has not rebounded significantly recently.

Since June 2019, the tanker crude oil freight index (BDTI) has been higher overall, closing at 1312 points on October 22, up 106.9 percent from the beginning of June. Affected by factors such as the dangerous rise in the geopolitical situation in the Gulf region and the attack on Saudi oil equipment, the BDTI index has risen rapidly since September, reaching a 176.6 per cent increase in the cycle from September 14 to October 14.