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The bulk fleet now weighs in at 623m tonnes, with another 255m tonnes on the order books.
COSCO's bulk fleet, for instance, used to be run out of many different offices, with commercial management supposedly centred in Beijing.
With 80,000 staff, the second-biggest bulk fleet in the world and the fourth-biggest container fleet, it is a state behemoth, built up with the patriotic goals of serving "socialist construction" and earning foreign exchange for China.
The reason is that capacity has increased, explains Michael Lewis of Deutsche Bank: the worldwide bulk fleet is expected to grow by 16% this year.Bulk ships are the mirror image of container ships: they sail for China fully laden and return nearly empty.
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Mr. Robinson, whose com pany mines and processes iron ore and operates a bulk carrier fleet, foresaw no im mediate major increase in the flow of United States Mainland China trade.
Strong in the tackle (and especially so for one of no great height or bulk) and fleet of foot, he crossed with ease for the first score of the game, after the visiting side had strung together 15 or so phases in the opening three minutes.
Higher shipping rates, meanwhile, could draw added capacity to the 7,000 vessels that make up the current global dry-bulk shipping fleet, of which 870 are the big capesize units.
While disorder consumed the bulk of the fleet, Kommodore Andreas Michelsen organized a group to attack any British attempt to take advantage of the fleet's disarray.
Forty-six boare arexpecteded complete their voyage on Wednesday, which will bring in the bulk of the fleet.
"The bulk of our fleet are general patrol vehicles made by Proton which are economic to buy and run," Hollis said.
In previous years, the bulk of the fleet was deactivated for the winter months.
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