Danske Bank: Capesize bulk carrier freight rates rose or finally start
- Author:Ricky
- Release Date:2014-10-24
October 21, in the Brazilian stock market, there are five ships were leased transport iron ore, many weeks before all week not so much the lease; This makes Capesize bulk carriersFreight rose $ 3,432 / day. Danske Bank (Danske & nbsp; Bank), said Vale ready to hire a series of Capesize vessels may eventually start to rise in the fourth quarter of the spot market.
Analyst Bjorn & nbsp; Kristian & nbsp; Roed said there were rumors that Vale will hire a large number of Capesize vessels, "If the rumors are true, the next few weeks Capesize freight rates will recover." He noted that in November and December Capesize forward freightAgreement (FFA) with prices from October 17 to $ 13,800 / day to 21 days $ 18,250 / day and $ 18,700 / day, "from the current situation, we do not rule out the operation in the fourth quarter prices rose late '4-6 weeks' situation. "