Cargill a Mover in the Dry-Bulk Markets

Dry-bulk rates are well below their pandemic peaks and are now hovering around operating costs for many fleets. The outlook will be challenging this year as supply growth is expected to outpace demand by 230 bps, based on a forecast by Clarksons. In this Talking Transports episode, Jan Dieleman, president of Cargill Ocean Transportation, joins Lee Klaskow, Bloomberg Intelligence senior transportation and logistics analyst, to share his insights about what’s on the horizon for its fleet of about 700 chartered vessels. Cargill is on the long path to reach the IMO’s goal of zero emissions by 2050 through innovations and testing biofuels and wind, as well as taking delivery of five dual-fuel methanol ships this year. Dieleman also talks tariffs, regulations, discusses Red Sea voyages and his long career moving dry- and wet-bulk cargos around the world.

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