Dry Bulk Ready for Rebound?

Anchor Ship Investment Co., ’s largest ship-fund manager, reportedly is in position to spend part of a planned $2.3b fund on its first dry-bulk vessels in anticipation of a rebound in Chinese iron-ore demand, according to a report on Bloomberg.

The company plans to start raising money for the new fund in September, and currently owns 10 ships, including container vessels, very large crude carriers, a chemical tanker, a car carrier and a liquefied petroleum gas tanker, Tsuji said. The ships are leased to Japanese lines, including Nippon Yusen K.K. (Source: Bloomberg)