Capesize market faces New Year hangover

A rally in capesize rates looks set to be short-lived. Maritime Strategies International describes the current pick up in rates as “frothy”, suggesting that the bubble will burst by the turn of the year.

The warning came as owners saw spot earnings peak at $16,000 per day in November, the highest level since mid-2015. Read more… (SUBSCRIPTION) 

Capesize market faces New Year hangover

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