In recent weeks, we have examined various aspects of Chinese shipping developments and we make no apology for reporting a recent New York conference at which China was again the key focus. The country is, after all, the principal factor that is fueling the dry and liquid bulk markets and the container trades. Only a few tanker owners can remember super-profits on today’s scale and bulk carrier owners have only ever dreamt of the rates prevailing today. Shipbuilding capacity in China, meanwhile, is expanding at an exponential rate and, in the long term, it is the shipbuilders’ strategy to be building half of the world’s ships by 2050. They could be doing that long before then, some already believe.