Uncertainty about bulk prices reflects uncertainty about China's health.
By Ryan Skinner (email)
Online marine headlines from DN and other sources on 25 May:
- "China lifts dry bulk": Golden Ocean's fate looked grim early in 2009. After newbuilding cancellations and a climbing share price, things look better. Higher capesize rates are driven by stoked demand for iron in China.
- "Drewry calls dry bulk recovery temporary": Drewry believes that dry bulk has bottomed out, but the market will stay depressed, due to the deep orderbook. (Source: Journal of Commerce)
- "Supply & Demand, or lack thereof": Brokers Marcon International give their assessment of the market. (Source: www.marcon.com)
- "Captain Tsarev still in Brest": Panamanian-flagged cargo vessel Captain Tsarev has been in Brest for six months after an engine failure. Its Russian and Ukrainian crew await payment, and a clarification from the ship's owners. (Source: Le Télégramme)