China plays key role in dry bulk rates for the rest of the year

Cleaves Securities still expects high activity levels from China for the remainder of the year, which will benefit dry bulk shipping companies. "We think dry bulk spot rates will increase into the fourth quarter," says analyst.

Photo: PR/Norden

Many dry bulk shipping companies are keeping a close eye on China, which is decisive in terms of whether dry bulk freight rates increase or not.

The latests indications from the country came early Tuesday morning European time.

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