China’s ongoing real-estate crisis may, in the longer term, hurt a capesize bulker market that is already subdued, according to brokers.
Evergrande, China’s largest property developer, has filed for bankruptcy protection in the US, almost two years after the Shenzhen-based company found itself struggling with $300bn in debt.
Meanwhile, Guangdong-based real-estate behemoth Country Garden Properties faces $200bn in debt and expects to post a $7.6bn
