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Maersk Broker: Chinese coal plan encouraging for dry bulk

The Chinese government's air pollution reduction target will impact the country's coal import, in particular, but this is in no way bad news for major dry bulk vessels, says Maersk Broker. Find the shipbroker's three scenarios below.

Photo: Star 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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