Dry Bulk

There’s a lot of conjecture - including here at Splash Extra - about the potential for India to be the ‘new China’ in terms of sending profits for shipowners spiralling.

One area that impresses is in steel. Having established itself as the world’s fastest-growing centre for steelmaking, India’s crude steel production jumped by a massive 18.2% year-on-year in September, according to the World Steel Association.

“Indian output growth has been rapid this year. In the first nine m...