Chinese Demand Seen by Pareto Boosting Dry Bulk Shipping Rates
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Chinese demand for dry bulk imports, including iron ore and coal, is expected to lift freight rates from July onwards, according to Pareto Securities AS, an Oslo-based investment bank.
Following are comments by Nicolai Hansteen, chief economist at Pareto Shipping, a unit of Pareto Securities AS, who spoke at the third Scandinavian Shipping and Ship Finance Conference in Copenhagen today.