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Dry bulk spot market mounts week of broad gains

Positive sentiment from China’s pending economic stimulus money also lifts spot rates, expert says “So, we remain positive for dry bulk for the next few months, and we see the change of capesize rates moving into the $20,000-per-day range as our base scenario for the winter.” “Capesize rates are … [Read more...] about Dry bulk spot market mounts week of broad gains

Indonesian port congestion boosting panamax bulker market

“The higher demand for energy worldwide has certainly caused a rise in panamax rates,” said Giuseppe Rosano, founder of UK broking house Alibra Shipping.“Not to mention the grain season around the corner in South America.” he told TradeWinds. “Remember the market’s move many times with just … [Read more...] about Indonesian port congestion boosting panamax bulker market