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China’s Imports of Commodities Drive a Boom in Dry-Bulk Shipping
China’s surging imports of metals, grain and other commodities are providing a boost to a bulk-shipping sector at the center of global industrial production.
Daily freight rates for capesize ships, the largest bulk carriers, jumped to an 18-month high this week at around $35,000 and the Baltic Dry Index, which tracks the cost of moving commodities by sea, pushed to a 10-year high of 2,808 on Monday.
“It’s been a spectacular period, which is very much off-season,” said Peter Sand, chief shipping analyst at maritime trading body Bimco. “Normally demand falls by around 9% from the fourth into the first quarter. We haven’t seen such demand in a very long time.”
Moving From Discussion To Delivery [Promoted]
Apr 14, 2021 9:00:am
Summary Capital Link s Decarbonization in Shipping Forum will take place on Wednesday & Thursday, April 14 & 15, 2021 from 8:30am – 3:30pm GMT as a digital event.
by: Capital Link
Moving From Discussion To Delivery [Promoted]
Capital Link’s Decarbonization in Shipping Forum will take place on Wednesday & Thursday, April 14 - 15, 2021 from 9:30am – 4:30pm British Standard Time (BST) as a digital conference.
The event will take place over the course of two days, with 14 virtual sessions, and 72 speakers with 69 companies participating on the discussion panels.
FORUM OVERVIEW AND STRUCTURE
Decarbonization is the next frontier for the industry to conquer adhering to specific objectives and timeframes.
Leading Shipowners, Regulators, Charterers, Financiers and Industry Participants Presenting at Capital Link’s Decarbonization in Shipping Forum
April 05, 2021 14:45 ET | Source: Capital Link Capital Link
Digital Conference
9.30 am – 4.00 pm British Standard Time (BST)
MOVING FROM DISCUSSION TO DELIVERY
Complimentary Registration
2 Days – 14 Virtual Sessions – 78 speakers – 69 Presenting Companies
NEW YORK, April 05, 2021 (GLOBE NEWSWIRE) Capital Link’s Decarbonization in Shipping Forum will take place on Wednesday & Thursday, April 14 - 15, 2021 from 9:30am – 4:30pm British Standard Time (BST) as a digital conference.
The event will take place over the course of two days, with 14 virtual sessions, and 72 speakers with 69 companies participating on the discussion panels.