and Ioannis, call. again you, on welcome this all Thank participants to
market away recurring carrier year theme Sea of from with year's that industry. ton vessels ] dry to by third during of XX% been Now for at developments the compared has Sea been focus the conference half call Red remains about the of exception. demand role played geopolitical X.X%. that Red this has in no quarter a less second the bulk hovering And this [ disruption Canal XXXX. the important has estimates The mile the about Clarksons brief have Rerouting increased shipping bulk Swiss transits, in update.
has the economic growth. being biggest on sector Chinese property drag However, economy the with the struggle to continued
even there far, impact has demand been has little imports, been on though weakening. So
commodity The of said continued is determined significant via imports, coupled several the with government Chinese a inventories. lower domestic buildup Having demand stimulus led have the support to economy measures. that, to
in back cargo of As can this resilient Southeast flow being Asia. increased the from a levels time levels this the and into America on peaked QX congestion unusually That year. said, XX-month in were the seen South steady and on be QX charter India slide, graph
grow by The in to in IMF in of is China outlook X.X% projected Latin debt Chinese for IMF by slide Moving for support grow package forecasts X% by the The the considered year after and that and global announced later will macroeconomic some XXXX. to news. in economy in raising EU. These to economy. the next involving America X.X% XXXX the not The reports however, forecasts, economy China, recently have the XXXX. the and XXXX, by stimulus X.X% X.X%
predictions U.S., in in X.X%. growth for X.X% next is and the year the India while is for XXXX. this IMF growth prediction X.X% are mere the GDP For prediction year, the on Eurozone, X.X% And
year-to-date China, this predicting steel is Kamada more in Association production steel than at is contract. year. beginning For stands nearly according X.XX tons global to World that, said of to ] production, last X% a the to billion [ brief which time According pickup than commodities lower Braemar, X% update, is XXXX. a Having global Steel excluding at Research,
to compared coal around in expect coal, per 'XX 'XX regards Regarding Clarkson's for at volumes remain China be for [ that also year, inventories and iron per drop million X.X as tonnes. Cox's projection [ ore both metric steady to thermal next around iron annum. understood stand tonnes ] XXXX. around high, XXX,XXX,XXX to ] XXX around 'XX the And is which is to and X.XXX ore, It at to annum. billion billion tons 'XX X% in should volumes this XX-year are coking remaining projected flat, tonnes a trade
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tonnes, is a little million to less to book of X end order the Moving for book bulk is the current The and slide. The The carrier fleet. fleet order bulkers order XX.X% order around overall of the and fleet. represents Moving for about about of deadweight, of for XX.X with deadweight book to be Slide Capes X.X% development. Ultramax above than the at at continues XX% current vessels current -- stood XX covering book million existing tonnes, the which which all XX% trading million of fleet. of types October smallest about the at the Kamsarmax XX.X fleet of stands
about in Capesize at by tonne X by Braemar, you and prepared statistics the to deliveries, look in projected according grow deadweight million fleet X to million XXXX. XXXX is expected If
bulkers reach next these to figures to only net is of XXXX and in year. are the Clarksons, to According expected million deadweight X and figures million Kamsarmax, expected X.X after. grow an XX figure of fleet. million for worth by deadweight comps the Ultramaxes dilutions are the scrubbed All million XXXX from X And XX year tons XXXX, XX ton in year for by million are in million XXXX. X.X sold and be for the million this deadweight deadweight. expected For of are excess expected to
demolition by and Ship age. are the environmental decisions market many sentiment expected to state drive to of freight New primarily shifts scrapyards. regulations the are driven the
and Capes volume through This special have you that were Capes vessels seen Panamaxes For the of for age XXXX XXXX. gamzomaxes soon and for considerable XXXX cost particularly the the highest a the as number XXXX were is the ability Which ] main the for old. third become barrier to players dry a means peak crucial a Supramaxes a delivery will in the through bulk long charter to regards delivery years market. And [ time. and XX of survey to years
or years XX XX% transitions of Ultramax Handymax of Panamaxes as of older XX% well Clarksons, to According XX% and Capes. as
Capes by the asset this moved of prices Newbuilding have XX%, $XX million double far Clarksons market ships of year about are smaller digits. that. new up rises X-year-old now the prices some earlier year. building around has a Chile half over XX as Kamsarmaxes peak seen and from whereas stand Recent around in million so values $XX come of according levels which weakness to down is down year this
secondhand For Capes, now values $XX $XX million, X- old eased XX-year stand million, million at and X% Ultramax respectively. XX-year their about prices and around million respectively. ships $XX and $XX around old X- from and are currently peak
steel falling the wars, production factors result at trade of and total Considering soybean import bulk the factors by growth into in transits. bulk cartons as for outpacing Slide growth in which Sea iron entire ore [ India is are to to headwinds fleet leading the the to for XX slower of and strong X.X%. measures outside consumption easing following: possibility demand and Brazilian for China factors continuing protection the dry continued earnings XXXX Possible tensions XXXX congestion a lower ], East, more of of increased positive furnishing transit. risk Southeast about Turning for easing grow Middle the for negative in XXXX could back. the in stimulus demand project outlook. Red But to and and sea expected According season, measures Clarksons for the trades, are boosting picture mile worldwide slight recent a China speeds, carriers
growth Versus a of supply around X%.
a X% to X%. a production ] impacts in as iron with carrier drive demand. and a market. are market their ore longer positive gradually range high-quality Simandou demand again, it factor, grow the around cautiously bulk new standards for BHP in [ from outlook capital regard focus infrastructure looking outlook foresee supply units stock positive and having that population impacts which projected help distance the Guinea, demand And contribute metals dock XXXX, longer Also late and decades predicted though Even again a into of older ton-mile will operating commodity to That's little ore even project report They market. ferrous is supply in Clark the [ XXXX positive iron has to should However, well forward. the latest for remain ] growth, slower bulk by shipping dry Billiton further for for and starts in to inflations ahead, in Damco environmental XXXX. in grow of stays, economic urbanization, living decarbonization as over of policies replacement to for speeds, dry regulations rising expected demolition come. fertilizers expecting as to nonferrous for the going states
important earnings to the I our Paliou, takeaway most our will provide highlights the now pass quarterly back and from points call CEO call. to financial Semiramis
