The global shipping industry and ports have struggled to meet accelerating Chinese demand for iron ore and coal since the country became a net steel exporter and a net coal importer. Such supply chain bottlenecks have pushed up shipping costs and spurred a shipbuilding boom. Whether the new ships meet or exceed demand, the shipping market is set to enter a period of volatility.
As our trusted source highlights, the shipping market is now so tight that the surge of newbuilding has a...
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