Boost to bulker markets expected from fast-growing Chinese demand for grains

Dramatic — that was the word used by shipbroker Simpson Spence Young (SSY) to describe the US Department of Agriculture (USDA)'s upwards revision to its expectations for Chinese corn imports in 2021.

Analysts expect the higher target will further support demand for midsize bulkers in 2021, particularly during the second quarter, as China's appetite for grains goes from strength to strength.