BIMCO: Capesize bulk carrier freight rates are still expected to double
- Author:Ricky
- Release Date:2014-10-16
Baltic Association (BIMCO) latest report that Brazilian iron oreVolume growth is still expected to Capesize bulk carrier pulled up to the spot rate two times the current level. Analyst Peter & nbsp; Sand said, "When the late, but still expects Brazil's iron ore spot will occur" when entering the market, tariffs will likely fluctuate. He expects tariffs in October and November ofWill be in the range of 8000 to 23,000 U.S. dollars / day. According to his calculations, this year has delivered 66 Capesize bulk carriers and a "Valemax" vessels accounted for the bulk carrier capacityAn increase of one-third. Sand also said that smaller vessels recent earnings in line with expectations, showing a "positive development, but not warm." BIMCO estimates in October to November, Panamax bulk carriers of freight between 5000-10000 U.S. dollars / day, Supramax vessels in 8500 to 13,500 U.S. dollars / day between.