Tanker

China's major railway project will benefit bulk

China's USD 500 billion investment in the 30,000 km expansion of a railway over the next three years will significantly increase iron ore demand, show calculations made by Alphabulk.
Photo: PR-foto
Photo: PR-foto
by OLE ANDERSEN

China's huge plan to expand the railway network by 30,000 km in the coming year could boost bulk carriers because the USD 500 billion investment will mean increased iron ore demand for the railway's steel production and the many bridges which will be built in the enormous project.

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