BIMCO cautious on dry bulk market recovery in 2021
The shipping association said that all forecasts pointed to a slow recovery in 2021, which even a 20-year low in fleet growth would not be able to make up for, leaving dry bulk shipping to face another trying year
Geopolitical developments in particular around Chinese coal imports are putting the brakes on dry bulk demand, according to BIMCO. However, it remains to be seen at what level China will set new coal quotas and how the spat with Australia develops
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