Fearnley: Crisis in dry bulk

Dry bulk rates continue to decline this week, and the segments are under pressure, says Fearnley.

Photo: Ultrabulk

This weeks declining rates continue to impact the dry bulk segment, says Fearnley in a new analysis.

"Capesize rates are still plummeting, upon negative developments in all areas. Despite some activity in Australia over the last week, volumes have not been sufficient to support shipping rates. Combined with a lack of transatlantic cargoes and no Brazil – China cargoes the situation looks dark. Rates are now down to USD 12,588/day," says the analyst agency.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs