Nov. 22 Daily Dry Bulk Comment

2013-11-23

Panamax, supramax, and handysize rates all increased today, with panamax and supramax rates finding particular support from an ongoing surge in Chinese demand for imported thermal coal cargoes. Handysize rates have continued to find support due in part from a moderate amount of mineral cargoes continuing to surface in the market. Capesize rates have come under pressure, however, but a solid amount of iron ore cargoes have continued to surface in the market. If a similar amount of iron ore cargoes continue surfacing in the market, many believe capesize rates will rebound soon.

Source from : CNSS

HEADLINES