Subscribe to RSS feedNo status quo as capesize market heads ‘deeper and down’
by
Keith Wallis, Hong Kong
—
last modified
Dec 18, 2009 11:16 AM
CHARTERERS have emerged victorious in the run-up to the approaching holidays as capesize rates on all major trades slumped last week.
“The rates war is over and charterers have won,” one Singapore-based broker who wanted to remain nameless said.
“I would have to say there is little prospect of a major improvement in owners’ favour until after the holidays. Activity levels...
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