Brakes on the Chinese economy have led to warnings to shipping not to rely too heavily on this global engine of growth.
London-based shipbroker Braemar ACM warned in a research note of "alarming signals" coming out of the Far East amid a huge pull back in steel production.
"Economic markers such as industrial output, infrastructure investment, retail sales and floor space under construction also registered the slowest levels of growth since the pandemic hit China in 2020."
