Capesize bulkers will ‘come back’ as China gets economy moving again, Genco chief says

The capesize bulker spot market’s rebound should continue as China strives to get the sector and its economy back on track, Genco Shipping & Trading’s chief executive said.

John Wobensmith expressed confidence that the sector’s continued rally will return rates to levels above smaller dry bulk sectors, to the benefit of 17 capesizes that make up nearly a third of his company’s bulker fleet.