Pacific Basin Expects `High Pace' Bulk-Shipping Growth on China

Source: Reuters -  Pacific Basin Shipping Ltd., Hong Kong’s largest operator of dry-bulk vessels, said the market will continue expanding at a “relatively high pace” as growth in China and the rest of Asia stokes demand for steel.
Consumption per capita of the metal has increased about 8 percent a year for at least seven years in Asia and that trend is likely to continue, Chief Executive Officer Klaus Nyborg said in an interview in Hong Kong on Oct. 29.
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