Subscribe to RSS feedChinese ore forecast to hit 1.3bn tonnes
CHINESE annual iron ore imports could peak as high as 1.3bn tonnes a year before 2020 – double last year’s level – and create demand for an additional 584 capesize bulk carriers researchers with DnB NOR bank, one of the world’s largest ship financiers, said.
The bank’s Global Shipping 2010 report highlighted how the nexus between dry bulk shipping rates and China will draw even closer as industrialisation and urbanisation developments intensify over the next decade.
DnB NOR Markets calculated that the kilograms of steel...
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