A December to Remember
The anticipated strong finish to the year now feels like a distant memory, as Capesize spot rates have fallen to their lowest levels for this period in many years, barring the COVID-19 anomaly. This surprising decline, which even exceeded our conservative forecast of relative stability, contrasts sharply with signs of recovery in Panamax spot rates, albeit from historically low levels. A meaningful Capesize recovery before year-end appears now unlikely, with both basins...
https://mfame.guru/december-blues-capesize-market-hits-unexpected-lows/