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You are here: Home → Archive → 2009 → October → Weekly Edition 15th of October 2009 → Capesize spot rate optimism doubted

Capesize spot rate optimism doubted

by Keith Wallis and Michelle Wiese Bockmann — last modified Oct 15, 2009 03:04 PM

CAPESIZE spot rates could surge further this week amid hopes positive market sentiment will fuel higher charter prices.

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...

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