Investor Presentaiton
Capesize Market Outlook
Freight Rates Rose Further in Q2 2021
➤ 5TC average reached highest level of the year at US$ 44,817 and spot rate
averaged US$ 30,965 in Q2 despite correction in May
➤ Iron ore price reached 10-year high to average US$ 183/ton in 1H 2021
PRC' s Strong Demand for Iron Ore
➤ PRC import volume between January and May increased by 5.5% y-o-y
➤ Major port stockpile remains at relatively low levels therefore further
demand growth is expected
Net Fleet Growth Will be Subdued From 2021
> 43 new ships joined the fleet so far in 2021, while demolition is set to
continue this year
➤ Capesize fleet' s net DWT growth is 1.82% between January and May 2021
Short-term Outlook
➤ So far in 2021, steel demand has increased that steel mills are enjoying
record revenue and profits which lead to stronger demand for iron ore
> Spot rates and forward curves have been improving amid healthier
supply/demand balance which will likely have positive impact on period rates
CHT 中國航運股份有限公司
Chinese Maritime Transport Ltd.
中華榮 葉
CHINA PRIDE
Jun/2021 Investor Presentation
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