With the Brexit – the entire world’s attention is over the Britain and the EU. The industry has stopped worrying about the oil price where the speculators keep pouring in their views and opinions every day. The Baltic dry index shows no signs of progressive improvement and the shipping still remains in a gloomy market.
Here is a good piece of information to grab your attention away from the ‘Brexit’ where India, which has never been in the spotlight when it comes to the bunker or dry bulk industry is now on the spotlight.
Freight rates across all segments of the dry bulk market remain low, but some indicators show that it’s not all gloom and doom in some parts of the Asia Pacific region.
India, which is the fastest-growing country in Asia on GDP terms, has defied expectations on thermal coal imports, shown remarkable growth in petcoke demand, and increased freight inquiries for wheat particularly from Australia.
If China got the dry bulk market out of the doldrums in 2005, is it India’s turn this time around?
Watch – What Mr. Shriram Sivaramakrishnan, has to say about it!
Mr. Shriram Sivaramakrishnan – Associate Editor, Shipping, Asia – S&P Global, Platts.
Disclaimer: This video is intended for informational purpose only. This may not be construed as a news item or advice of any sort. Please consult the experts in that field for the authenticity of the presentations.
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Source: S&P Global – Platts
