‘Very negative sentiment’ in dry bulk: goodBulk

摘要

Geopolitical turmoil is contributing to weaker global demand for dry bulk commodities and weighing on freight rates, espe-cially for iron ore cargoes carried by Capesize bulkers, accord-ing to Capesize-focused shipowner GoodBulk. “The fall in Capesize rates is mainly the result of reduced congestion, a decline in the iron ore trade, lower iron ore and coal imports into China and negative news surrounding China’s real estate market and the global economic environment,” the company said.