China bulk hope
China's big infrastructure stimulus package of Yuan4trn (US$586bn) is likely to boost the world's battered dry bulk shipping trade, but only if they survive long enough for the country's planned infrastructure projects to get rolling, Reuters reports.
The Chinese stimulus package is all well and good, and it's the right idea, but it won't happen overnight, Cantor Fitzgerald analyst Natasha Boyden said.
The abrupt end to the recent boom has left many bulker owners laden with debt...
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