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Platou: Dry bulk is this close to idling vessels

If the daily rates for the large dry bulk vessels, Capesizes, stay at the same loss-inducing level for more weeks to come, owners will most likely begin anchoring up vessels soon, according to Platou Markets.

Photo: K Line

If the rates for the large dry bulk vessels, Capesizes, in the coming weeks, remain at the current, extremely low level of about USD 5,000 a day, the owners will presumably start to anchor up ships and wait for better days to come.

According to Platou Markets, the theoretical point for laying up ships is reached when the rates are lower than the sum of Opex and the cost of idling. This latter cost allegedly amounts to about USD 1,500 a day for a Capesize.

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