Nov. 8 Daily Dry Bulk Comment

2013-11-09

A moderate amount of dry bulk vessels were chartered in the spot market again today. As with yesterday, capesize and panamax rates have declined while supramax and handysize rates have found ongoing support. Supramax and handysize rates have been able to find continued support on the strength of firm mineral cargo trade. Supramax and handysize fleet growth have also remained at manageable levels. Panamax fleet growth has remained the highest of all four vessel classes, however, which is a large reason why panamax rates have recently been decreasing.

Source from : CNSS

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