China’s economy may represent more risk than reward for dry-bulk shipping due to increasing uncertainty over how the government acts over the course of this year and next.
That view came from Cargill’s head of market research, Eric Aboussouan, who spoke at a Deutsche Bank-sponsored conference call on China and the outlook for dry-bulk shipping. Despite higher iron and steel prices and a first-quarter surge in capesize spot rates, shipping should remain cautious on China’s economic signals, Aboussouan warned.
Shipowners
