China’s involvement in Vale’s latest VLOC newbuilding project is extending the country’s growing influence in the bulk carrier market, according to data from Clarksons.
Chinese shipowners have the greatest share of the global bulker orderbook, with 21.1m dwt of dry bulk tonnage on order, according to Clarksons Research analyst Yue Lei.
Bulkers of capesize and larger dominate the orderbook, which includes 39 VLOCs of 14.9m
