In the New York-listed company’sfirst-quarter conference call finance chief Robert Perri said he expects Indiancoal demand to rise in the coming months.
“And at some point panamaxes and supramaxeswill benefit from the Chinese iron ore restocking cycles,” he added. “All thesepoints lead us to be bullish on the second half of this year.”
The executive said scrapping has been “significant”thus far this year but admitted he expects to see a slowdown if freight ratesimprove going forward.
“Currently
