A potential revival in dry bulk freight markets can be summed in three words according to Simpson Spence Young (SSY): coal, controls, and queues.
The shipbroker said this year's soaring coal prices have forced an urgent drive to build inventory ahead of what is expected to be a severe winter in China.
"The prospect of a second successive La Nina weather event and the highest snowfall since 1905 in one part of Northeast China, had been an apparent positive for coal burn," SSY said.
