Capesize Rates Expected To Find a Bottom In The Upcoming Weeks

Although we are still amid a summer slowdown for dry bulk shipping, we anticipate a gradual bottoming and turnaround in spot rates before the end of August, reports Breakwave Advisors. 

Such a forecast is supported by several factors, although the recent global turmoil in the financial markets has suddenly introduced another risk factor to our forecast that presently seems hard to ignore. Seasonality supports recovery in dry bulk rates as we approach September, especially...

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