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David White is a
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I should further point out that China is also short of coal at the moment. The above contract settlement (and the hopefully the soon to be done BHP one) may well act as a trigger to new contracts for shipping for coal importation. China defintinitely needs both of these materials for the Olympic build up and for earthquake recovery. Coal prices are currently much higher than 1 year ago. This may be part of the reason for the slowdown in coal importation by China recently. Still it looks like they simply have to have it, so I am expecting more shipping in this area too (very soon).
Jun 24 10:25 am
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All Comments by David White »Good News For Dry Bulk Shipping [View article]