Slowing dry bulk supply growth combined with a new China stimulus package are set to provide added impetus to vessel earnings, says a top shipbroker.
The orderbook is “substantially smaller today” compared with the beginning of previous stimulus cycles in China, according to Arrow Shipbroking.
“The orderbook was 80% of the fleet in November 2008 when the Chinese government introduced its stimulus package to counter the effects of the global financial crisis,” it said.
