Challenges seen for dry bulk sector

Expectations of slower Chinese commodity imports and fleet growth will keep the dry bulk market under pressure next year, while sluggish demand will weigh on the tanker sector, Citigroup’s head of shipping said.
Freight players are watching for further signs that China’s economy is overheating, which could lead to a pullback in iron ore imports and shipping activity. There has been speculation that China could raise interest rates.
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Source: The Business Times