Shipbroker: Strained capesize market has hit rock bottom
Fearnley Securities sees signs of the strained capesize segment having hit rock bottom, with rates now being lower than in smaller segments. "March should result in an imminent market upturn for the biggest ships," the shipbroker writes.
by SIMON VALEUR
Last week, capesize rates dipped under the level many carriers pay to operate their large dry bulk ships and, according to Fearnley Securities' latest report on the dry bulk segment, the Baltic Capesize index is now "assessed [to be] below those of all the smaller segments".
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