Oct. 25 Daily Dry Bulk Comment

2013-10-27

A large amount of dry bulk vessels were chartered in the spot market again today, but capesize and panamax rates have continued to come under pressure. Encouraging, though, is that the pace of decline in capesize rates have slowed as more capesize vessels have recently been chartered to haul iron ore and coal cargoes. Supramax and handysize rates have been able to find continued support, due in large part to minor bulk cargo trade remaining firm.

Source from : CNSS

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