Dry bulk making money on Capesize for the first time in a year
Strong developments in coal and iron ore transports have sent the rates for the largest dry bulk ships, Capesize, into the black last week. But the increasing volumes are seasonal, and a significant fleet growth will likely bring renewed pressure on the rates, writes Morgan Stanley.
BY DANIEL LOGAN BERG-MUNCH
The benchmark Baltic Dry Index has now increased by nearly 50 percent since July, and the rates in the extremely hard-pressed sector have returned to the level seen one year ago.
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