Subscribe to RSS feedCapesize spot rate optimism but future uncertain
Capesize spot rates could surge further this week amid hopes positive market sentiment will fuel higher charter prices.
Surge potential: Capesize market sentiment mixed as spot rates increase (Photo: Southern Cross Maritime)
A Hong Kong-based broker said there had been notable chartering activity out of Australia and good signs in the number of coal fixtures from east Asia.
However, New York investment bank Oppenheimer was less optimistic.
The bank again lowered its fourth-quarter estimates...
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