Subscribe to RSS feedCongestion set to boost dry bulk sector
by
Liz Mccarthy, London
—
last modified
Sep 02, 2010 10:47 AM
PORT congestion and China’s coastal trade are absorbing more than 10% of the global dry bulk fleet, with this figure set to climb if weather affects port activity and import volumes rise start rising again.
Golden Ocean chief executive Herman Billung told investors at a financial results conference call that these were just two of a handful of factors that had prompted the Oslo-listed company to take a “cautiously optimistic” view of the dry bulk...
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