Maersk Broker: Chinese coal plan encouraging for dry bulk

While dry bulk carriers such as Norden and J. Lauritzen keep getting burned by a difficult market, Maersk Broker is now ready with some good news. Last week carrier Norden pointed out that a surprising 22 percent drop in China's coal import hit the company particularly hard in the 3rd quarter - and this development, in light of Chinese ambitions to reduce air pollution through a lower consumption of low-grade coal, could result in continued pressure on the dry bulk industry.
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