ShippingWatch

Clipper sailing at rates that incite fresh optimism

"For the first time in a long time, rates are at a level, which might tempt some to order new vessels, but it will not be us," CEO of Clipper Group, Peter Norborg, tells ShippingWatch. One commodity in particular is critical for the company's progress.

In the last quarter of 2017, bulk rates are beginning to show the kind of figures that prompt smiles at Clipper's classic whitewashed headquarters in Copenhagen's Nordhavn district.

Although increases in the large Capesize vessels have driven the market and pushed up the Baltic Dry Index after the summer holidays, it has spread the whole way down the system and impacted those segments, where several Danish bulk companies carry the most weight, specifically Handysize and Supramax.

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