Subscribe to RSS feedDry bulk hopes lift on China’s import expectations
by
Jim Wilson
—
last modified
Feb 15, 2010 10:06 AM
INVESTMENT bank JPMorgan Chase has predicted an average 10% market-wide lift in dry bulk rates on the back of expectations that Chinese demand for iron ore and coal imports will rise further.
The bank last week lifted its estimates for capesize rates from US$28,000 to US$32,000 per day.
Supramax rates are expected to increase from US$13,000 to US$14,000, while handymaxes will lift slightly to US$12,000. Rates for panamax vessels are expected to...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
Daily Top Stories
- Rena officers sent to prison
- New salvage facility for Cairns
- Worker dies in Newcastle wharf tragedy
- Major supramax markets diverge
- Panama Canal fees hike planned for July
- 12% of world tanker fleet facing scrapping
