Dry bulk industry association Intercargo has seen a dramatic increase in membership over the past year due to increasing concern over upcoming regulation and what some suggest could be a response to Qi, RightShip's controversial new safety rating system.

Lykiardopulo company Neda Maritime is the latest among 34 big-name owners to join Intercargo ranks in 2017. Others include Chios Navigation, Eagle Bulk Shipping, Kristen Marine and Samos Steamship.