China extends dry bulk crunch

摘要

China's slowing economy continues this year to curb volumes of seaborne shipments of iron ore and coal, the key drivers of global demand for the world's fleet of dry bulk carriers, this year. Iron ore demand for the world's largest consumer is forecast at 1.127 million tonnes in 2015 according to Societe Generale's (SocGen) September commodities report, down 12 million tonnes from 2014 and making it the first time Chinese demand has shrunk in decades.