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The dry cargo market had a strong start to the year as more bulk carriers rerouted away from the Suez Canal, port congestion in China increased and higher than expected Brazilian iron ore exports all pushed up tonne-mile demand.

And of course the lowest level of bulk carrier fleet growth for almost a decade has also been a pretty significant contributing factor in tightening vessel supply, all of which is making for an interesting market right now for those in the dry bulk space.

In this edition of our mini-series of market outlook podcasts, Lloyd’s List’s market’s editor Rob Willmington talks to Bimco’s chief shipping analyst Niels Rasmussen about the dry cargo market prospects for the rest of the year and beyond.