Grains into China a clear positive for dry bulk shipping, says Braemar
Expectations about China’s reopening have ‘ebbed and flowed’ since lockdowns were lifted, new global head of dry research says in interview
Global head of dry research at the London-based broking house, Derek Langston, says sub-capesize vessels can draw support from grain and soyabeans, as well as through the seasonal third-quarter pull from nickel ore. However, the geared bulkers are also exposed to any prolonged weakness in Chinese infrastructure and real estate through ores, concentrates and logs
