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Commodity carriers face an even more painful year ahead
Only the fittest seen surviving the worsening storm of weak demand, overcapacity
Add BT as a preferred sourcePublished Mon, Dec 28, 2015 · 09:50 PM
London
SHIPPING companies that transport commodities such as coal, iron ore and grain face a painful year ahead, with only the strongest expected to weather a deepening crisis caused by tepid demand and a surplus of vessels for hire.
The predicament facing firms that ship commodities in large unpackaged amounts - known as dry bulk - is partly the result of slower coal and iron ore demand from leading global importer China in the second half of 2015.
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