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Analyst Abstract

Dry Bulk

Amid a gloomy year for dry bulk overall, one bright spot has been China’s imports of soybeans, which have exceeded all expectations and helped prop up earnings for mid-sized vessels.

This year, China looks set to import around 100m tons of soybeans, and next year imports could be just as high, or even increased, analysts at Lorentzen & Stemoco suggested.

China accounts for 65% of the world’s soybeans trade and processes over 80% of its imported soybeans into animal fee...

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