Capesize rates cut in half in just a few months: "The spell is wearing off"

After peaking in July, rates for the large capesize dry bulk vessels have now gone down again. The dry bulk market is fundamentally strained, says Bimco.

by SØREN PICO

If the dry bulk ship operators were hoping for a recovery in the wake of an overall challenging half year for the sector, they should arm themselves with patience for now.

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Five dry bulk operators have lost USD 600 million in six months
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2020 looks set to become a toxic cocktail for dry bulk shipping
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Dry bulk market expected to drop 2.4 percent this year
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