ShippingWatch

Dry bulk rates stay high despite more vessels

Despite a significant net fleet growth in total tonnage, the dry bulk carriers have experienced a considerable surge in rates in the third quarter.

Photo: PR-foto

In spite of a significant growth in the global dry bulk fleet during the third quarter among the larger vessel types, the rates remain high in a period characterized by considerable improvements.

Overall, Chinese demand for higher quality iron ore and coal, which the country – the dry bulk sector's main growth driver – is now stockpiling and which contributes to a fairly high rate level compared to the downturn in previous years, reports Platts.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest news

Jobs

See all

See all