One of Maybulk’s bulk carriers. The company is still scouting around for new and modern vessels, in its effort to lower down its operating cost as a younger fleet will need lower dry-docking time.
KUALA LUMPUR: Malaysian Bulk Carriers Bhd
(Maybulk) remains cautious on its outlook for the year but believes the worst is over for the industry.
Although demand has improved and the Baltic Dry Bulk Index (BDI) has risen significantly since all-time low of 290 points back in February 2016, Maybulk CEO Kuok Khoon Kuan said market conditions remained volatile.
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