Wednesday, September 18, 2013

Boom in Chinese Log Imports

China is building the most property in at least a decade, expanding shipments of logs and adding to record commodity cargoes that are making the merchant fleet’s smallest ships profitable for the first time since 2011.
Global trade in logs will expand 10 percent to 127 million cubic meters (4.5 billion cubic feet) in 2013, according to Wood Resources International LLC, a research company in Bothell, Washington.