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Drewry: High iron ore inventories at China, economic uncertainty threaten Capesizes

High iron ore inventories at Chinese ports and uncertainty in the global economy are putting the demand for Capesizes at risk. Drewry believes that demand for Capesizes in 2019 will be proportional to iron ore inventories at Chinese ports. Despite the fact that Chinese steel production will increase in 2019, a further reduction in iron ore inventories could negatively affect the demand for dry bulk vessels.

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