Wood trade grew 7 percent in 1st half of the year

The global wood trade grew seven percent in the first half of the year. J. Lauritzen confirms this development, though it has yet to be reflected in the business, Head of Dry Bulk Peter Borup tells ShippingWatch.

Photo: Gøteborg Havn

The wood trade is growing, according to a new analysis by Wood Resource Quarterly (WRQ). According to the analysis, the global trade grew seven percent compared to the same period last year. Wood shipments are now occurring at the highest rate since 2006, 36 percent higher than five years ago, when the market collapsed, according to WRQ.

Head of Dry Bulk at Lauritzen Bulkers, Peter Borup, does recognize this trend of growing wood trade. The development is clearly driven by the Chinese, Japanese and Korean construction industries, he explains:

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