Peter Sand
Dry Bulk Shipping
Rates may have climbed out of the abyss, but challenges remain in place for the autumn
Demand drivers and freight rates
Earnings for Capesize vessels have continued their rollercoaster ride, reaching their highest level since the end of 2013, at USD 36,101 per day on 2 September 2019. Between 2 April, the low point of the year so far, and 2 September rates have risen 943%, into solid profit-making territory.
The strong increase in Capesize and Panamax earnings reflects a...