The latest weekly report from Oslo-headquartered Cleaves Securities makes some optimistic predictions for the dry bulk sector. Noting that the Baltic Dry Index reached 3,053 points on Friday, the highest level since June 2010, Cleaves says the new 10-year high comes on the back of strong demand for dry bulk commodities, especially from China.
A Capesize is now earning $41k/d (highest since September 2013), a Panamax reached $28k/d in March (highest since June 2010) and a Supramax is now earning...
https://www.marinelog.com/shipping/markets/why-cleaves-is-bullish-on-bulkers/