The good news is that the Baltic Dry Index (BDI), which tracks bulker charter rates, recently hit its highest point since late July 2018, and the stocks of several publicly listed bulker owners are up ...

Dry bulk shipping will see major effects as well, asserted top executives of Safe Bulkers (NYSE: SB), Star Bulk (NASDAQ: SBLK) and Scorpio Bulkers (NYSE: SALT) during a Capital Link webinar on July 9. IMO 2020 allows vessel owners to continue to burn high-sulfur fuel if they install a scrubber that removes the sulfur from stack emissions.

SALT earnings call for the period ending June 30, 2019.

Some pockets of the dry bulk ocean shipping market are rising more slowly than others, but these too are now moving along the same upward trajectory, as seen in the latest quarterly disclosures of Scorpio Bulkers (NYSE: SALT). The BDI's resurgence is primarily fueled by surging charter rates for larger bulkers – Capesizes with a carrying capacity of 100,000 deadweight tons (DWT) or more. Mid-sized bulker sizes such as Ultramaxes (60,000-65,000 DWT) and Kamsarmaxes (82,000-83,000 DWT) carry a wider variety of cargo than Capesizes.