Jeffrey Landsberg, managingdirector of Commodore Research, believes this bodes well for the long-termprospects of the dry-bulk market.

“While the short-term outlook for thermalcoal import demand is weak due to firm power plant and coal port stockpiles inChina, after a few months another round of strong thermal coal import demand islikely to occur and will most help the panamax segment of the market,” he said.

“Later