June 28 Daily Dry Bulk Comment

2013-06-29

A large amount of dry bulk vessels were chartered in the spot market again today. In particular, a large amount of the vessels were chartered to haul iron ore cargoes, coal cargoes, and sand cargoes. Dry bulk freight rates have been able to find continued support in all four vessel classes on the strength of the robust spot chartering activity. Capesize rates continue to find the most amount of support, as capesize fleet growth has remained much lower than seen during 2011 and 2012.

Source from : CNSS

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