Capesize rates could reach their highest peak for this time of the year in almost half a decade, according to analysts at Pareto Securities.
Eirik Haavaldsen and Fredrik Stene say given moderate fleet growth freight rates could reach $40,000 per day later this Autumn.
Should this happen, it would be the highest figure seen in the capesize spot market at this stage of the year since 2013, the analysts said in a report.
