Bulker markets could divided in two when the Energy Efficiency Existing Ship Index (EEXI) regulation is enforced in two years' time, according to a shipping consultancy.

Independent advisory Liengaard & Roschmann believes the sale-and-purchase and chartering markets will evolve into two tiers, splitting vessels that are speed restricted from those that are not.

The EEXI regulation is expected to be adopted by the International Maritime Organization in June, and would enter into...