Will China's new five-year plan squash bulker demand in the long run?
China has been the golden child of the dry bulk market, waving its magic wand to boost imports of raw materials. However, as it shifts its focus towards retail, the environment and self-sufficiency, will bulker demand suffer?
The dry bulk market has witnessed a resurgence in rates not seen since 2010, as China's insatiable appetite for imports of iron ore, coal, grains and minor bulks continues — but how long will the bull run last?