Will Simandou be the dry bulk game changer it’s been hyped to be?
- Tonne-mile increase on offer will be welcome boost to capesize sector
- Once at full capacity Simandou could provide employment more than 100 capesizes
- But questions linger on its ability to ramp up in time and China’s appetite for ore
First shipments from the much-heralded project left Guinea last week. Do they mark the beginning of a paradigm shift for dry bulk or has Simandou been overhyped?
