According to a Seanergy's chief executive, Chinese demand for bulk goods will remain strong for the "next decade", ensuring demand for dry bulk vessels will continue to grow.
Mr Dale Ploughman voiced this optimistic prediction in an interview published online.
Mr Ploughman's optimism in the Chinese economy as a driver of dry bulk markets contrasts with some more pessimistic predictions by analysts of an economic slowdown in China in the coming years due to the country's extremely tight monetary policy, which has put in place a curb runaway inflation.
Mr Ploughman said his company's estimates showed that dry bulk cargo demand would grow by 5% to 7% this year, largely due to continued Chinese infrastructure construction.