China's iron ore import could be the growth-driver in the dry bulk market in 2021

Dry bulk operators can now look forward to several golden years that are set to begin already now, projects Cleaves Securities. This is driven by a combination of few new ships and a large Chinese appetite for iron ore, the investment bank tells ShippingWatch.

Joakim Hannisdahl Photo: Cleaves, Harald Fonahn 2019

Following a tough 2020, the dry bulk shipping companies can look forward to more positive markets this year with an expected increase in demand of up to 6 percent, projects Chief Analyst Joakim Hannisdahl of Norwegian investment bank Cleaves Securities.

He is currently putting the final touches on the investment bank's annual report, Shipping Annually, which in addition to an analysis of the past year also offers projections about market developments in 2021.

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