Star Bulk Carriers is bullish on iron ore trading volumes for the second half of 2023 as the owner expects China to increase imports of the steelmaking commodity and the global economy to improve during this period.
China should take in more overseas iron ore in the second half because its inventory of this commodity is down to a three-year low of 126m tonnes as the country looks to ramp up construction, chief executive Petros Pappas said.
