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China’s continued hunger for iron ore for its steel-making industry, alongside coal imports, is expected to become stronger in 2013.
The second half of the year has provided some cheer for the dry bulk market, with all ships in the spot market averaging earnings above the break-even point, though not high enough to make up for losses made during the first part of the year.
Total imports of iron ore and soya beans were lower in 2018 than in 2017, down 1% and 7.9% respectively, and although imports of coal grew 3.7% in 2018, this was slower than the growth in 2017.
The SOVCOALBILL was developed to be used for shipments of coal, coke and coaltarpitch under the Soviet Coal Charter codenamed SOVCOAL.
Enjoy the ride while it lasts - before over-supply of capacity takes over. Demand: Chinese imports of iron ore and coal have been the dominating factor throughout the year
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