Chinese dry bulk shipping demand growth remains steady

Capacity growth slows down[$]

 

Capacity growth slows further, at a rate expected to reach 4.7 percent at the end of the year, with fleet capacity to grow 33 million dwt with the newbuilding market pressures eased.

China's crude steel production in 2014 increases slighlty, resulting in a high degree of dependence on imports. Therefore imports remain high, expected to grow by 8 percent in 2014. Chinese coal imports will continue to grow, but the growth rate will decline.

Capesize vessels 2014 delivery decreases by 35 percent year on year in net capacity. However, new orders in 2013 compared to 2012 increased by 5.2 times, so in the second half of the year, the market may face downward pressure.{/reg}