New York: With the next issue of Maritime CEO magazine just one week away from the printers we return today to the publication’s dry bulk specialist, Jeffrey Landsberg, the managing director of Commodore Research, to give readers his take on where the sector is headed.
Landsberg says China is on course to set records once again for iron ore imports which should propel capesize rates higher than the FFA market suggests.
Commodore estimates that a total of 120 to 140m tons of additional Australian and Brazilian iron ore will be produced this year, with the company’s conservative estimate is that at least 80m tons of the new iron ore cargoes will end up being exported to Chinese buyers.
“More smaller Chinese iron ore producers are poised to be pushed out of the market,” Landsberg says.
For capesize rates, Landsberg is confident that a spike in earnings will become evident in the second of the year.
Landsberg’s full thoughts including useful data and graphs are available in Maritime CEO magazine, which will shortly hit the desks of around 3,000 shipowners.
Other writers of the title include leading economists and shipping analysts plus a network of correspondents around the world.
The first issue of 2014 is packed with the thoughts and plans of leading lights in the shipowning community, with some 20 owners from five continents interviewed including, as with every issue, a significant splash for our cover story.
Every issue always contains an Executive Opinion feature where we canvass a broad spectrum of the industry on a pertinent issue – this time around we ask where ship finance will come from in 2014.
At the turn of the year we held an online Future of Shipping Poll, which saw more than 1,200 respondents; the results will be revealed in Issue One.
With a readership that is exclusively top management at shipping companies we also have a targeted lifestyle section to the title which now contains yachting and golf pages to go alongside regular travel, gadgets and books pages.
No other media title is so focused – and so successful – in connecting with the highest echelon in shipping and offshore. To see a sample issue, click here. [26/02/14]