Splash Extra

Is this it for the current bulk carrier cycle?

Splash Extra assesses where dry bulk is heading towards Q4.

The tanker markets are shrugging off bearish macro economic sentiment, but China’s economic woes continue to weigh heavily on the bulk carrier freight markets. As the Chinese property market continues to implode, concrete production was down 6% in July and cement down 3%. High temperatures in parts of China and flooding in other parts are disrupting economic activity, as are rationed energy supplies in a number of provinces. After nearly 100m tonnes of imports in July, well up on 91m tonnes in ...

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