Bulker giant Golden Ocean Group sees 2021 as "looking like a rebound year", according to its chief executive, but the shipowner does not expect to see a meaningful recovery in bulker markets until the second quarter.

The Fredriksen-backed firm is looking forward to a better 2021 on the back of low fleet supply and stronger demand for dry cargo shipping as global economies and infrastructure projects rebound after the Covid-19 pandemic of 2020.