ShippingWatch

A part of Watch Media

Shipowners: Chinese grain demand leads to rate hike

Several Asian dry bulk carriers expect a rate hike for bulk ships, starting now and last to the next few months, as Pakistan and especially China are increasing their grain imports.

BY OLE ANDERSEN

China and Pakistan's growing demand for grain is expected to push the rates up for, in particular, dry bulk ships, according to carriers' expectations as stated in a survey performed by news agency Reuters on Monday.

"We expect this to have a positive effect on the rates," says Mats Berglund, CEO of Hong Kong-based Pacific Basin.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

  1. Offshore carriers are strong despite serious dips in September
  2. Port strikes in UK could "spell disaster" for Christmas shopping
  3. CEO wants to keep DB Schenker brand – buyers stand ready
  4. Port of Hamburg to automate pin handling in hinterland processes
  5. Waning demand has Maersk sailing slower
  6. Ukrainian minister expects last minute extension of crucial sea transport deal
  7. Container rates reach lowest level in almost two years
  8. Singapore's Sentek faces 42 charges in case of bunker stolen from Shell
  9. Container carriers improved schedule reliability in August
  10. Höegh Autoliners joins climate coalition
  11. Maritime organizations want ETS income earmarked for shipping's green transition
  12. Merchant fleet has increased by almost 3 percent
  13. DB Schenker uses AI to improve supply chain transparency
  14. First decline in long-contract container rates since January
  15. Shipping firms ought to throw themselves into "deep waters" with their carbon reporting
  16. Scan Global chief sees first signs of waning demand
  17. Significant box market slowdown in September – freight rates still declining
  18. High energy prices could accelerate shipping's shift away from fossil fuels
  19. Maersk rejects shippers' complaint in USD 180m dispute
  20. EU considers ban on shipping Russian oil as part of price cap

See all

Job

See all jobs

See all jobs