China’s insatiable appetite for commodities and the resulting impact at key loading and discharge ports is likely to drive dry bulk rates higher in the immediate future.
“It’s been the wild card in the dry cargo market,” Nicolai Hansteen, chief economist at Lorentzen & Stemoco told the audience at Shipping China 2005.
He said ports, particularly in Brazil and Australia, had been “taken by surprise” by the level of commodity shipments into China.
Despite
