Henning Oldendorff leads the dry cargo world for profitable asset play since the dark days of early 2016, according to data compiled for TradeWinds by VesselsValue.

Winning Shipping collects the silver medal with Everest Shipping and Evangelos Marinakis’s Capital Maritime sharing the bronze, the data suggests.

German owner Oldendorff Carriers has spent $303m on bulkers since the start of last year, the data shows.