China’s 18.3 Million-Tonne Iron Ore Storage Expansion Could Boost Capesize Demand

China’s expansion of iron ore storage and blending facilities could provide an additional source of demand for Capesize bulk carriers in 2027 and beyond, even as the country’s steel production declines. Shipping consultancy @Maritime Strategies International (MSI) has identified projects involving a combined 18.3 million tonnes of additional storage capacity at Dongjiakou, Lianyungang and Caofeidian, alongside expansion elsewhere on the Chinese coast. Read more at XindeMarine