BIMCO gives out grim short-term outlook for dry bulk markets

Wed, 15 Feb 2012 00:00:24 GMT

Dry bulk rates are set to remain suppressed during the following six weeks according to a report yesterday from BIMCO. According to it, Capesize Time Charter Average will remain under pressure and stay below $12,000 per day as tonnage oversupply has hit back at a time where demand is taking a small breather. Meanwhile, the report also forecasted that Panamax and Supramax freight rates are likely t...

Hellenic Shipping News Worldwide, BIMCO gives out grim short-term outlook for dry bulk markets

BIMCO gives out grim short-term outlook for dry bulk markets