Coal and iron ore are some of the most important bulk cargo commodities in
ship transport in terms of volume. As a result, weak demand from China has a
significant impact on the entire market segment. In total, the global movement of
bulk goods grew by just 1% in 2015, according to UNCTAD (see chart 18) – the
lowest growth rate since 2009.
Given continued weak investment in many major
economies, we expect growth in the movement of bulk goods to remain sluggish
in 2016 and 2017. Over the course of 2016 to date, however, Chinese ore and
coal imports have increased again.