Oct. 10 Daily Dry Bulk Comment

2013-10-11

A large amount of dry bulk vessels were chartered in the spot market today. However, freight rates for only panamax, supramax and handysize vessels were again only able to find support. Capesize rates have continued to come under pressure, even as a moderate amount of capesize vessels continue to be chartered to haul iron ore cargoes. Capesize FFA prices have continued to fall, and there have been reports that capesize sailing times have been sped up which would put pressure on capesize rates as spot capesize availability would become greater.

Source from : CNSS

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