Shipping in the Year of the Dragon: Dry bulk

How will dry bulk fortunes differ from what materialised last year? The second installment in our brand new issue of Maritime CEO giving readers a sense of what to expect in the months ahead.

Any dry bulk forecast must start with the state of the Chinese economy.

In late January, a Hong Kong court ordered the liquidation of the Evergrande Group, bringing an end to two years of financial instability during which the company struggled to meet its debt obligations. This development underscores concerns about the economic challenges facing China, as the property sector represents about 25-30% of the nation’s GDP and approximately a third of the country’s domestic steel demand.

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