Questions have been raised about how China’s economic slowdown will affect bulker markets. Clues can be found at JCB dealerships throughout the nation, according to research.

2022 was one of the worst years on record for Chinese economic growth. GDP grew by 3% year on year, missing the official target of around 5.5%.

But could a rise in the sale of excavators in China last year be a small sign of hope for import demand in raw materials and the services of bulk carriers? Research by Arrow Shipbroking Group says: quite possibly — and capesize bulkers will be the main beneficiaries.