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Slumping capesize market expected to improve, barring collapse in China’s economy

Home | Press | Slumping capesize market expected to improve, barring collapse in China’s economy

EU ban on Russian coal should help rates by increasing tonne-mile demand

“The capesize market ‘will suffer some more’ as China’s economic struggles continue and the typical summer lull for dry bulk shipping persists, but the EU’s new ban on Russian coal should help it recover,” broker Giuseppe Rosano said.

Trade Winds Mast Head

EU ban on Russian coal should help rates by increasing tonne-mile demand

“The capesize market ‘will suffer some more’ as China’s economic struggles continue and the typical summer lull for dry bulk shipping persists, but the EU’s new ban on Russian coal should help it recover,” broker Giuseppe Rosano said.

By Michael Juliano (Stamford)

(Originally published at Tradewindsnews.com – 16 August 2022)