Nov. 20 Daily Dry Bulk Comment


Capesize rates increased by a large amount today, as demand for capesize vessels to export iron ore cargoes has remained strong. A large amount of thermal coal cargoes have also continued to come to the market, which has also aided capesize rates. Panamax rates have remained under a small amount of pressure, however, as the panamax market continues to see the most amount of fleet growth out of all of the dry bulk vessel classes. Supramax and handysize rates have continued to find a small support as mineral and minor bulk cargo trade has stayed firm.

Source from : CNSS