Capesize vessels may have additional upside in prices as rates stay firm, dry bulk executives said at the Capital Link Shipping Forum in New York City.
Genco Shipping and Trading chief executive John Wobensmith says capesize prices could increase between 20% and 30% from current levels due to the strength in charter rates.
With capesize charter rates around $20,000 per day, “we could see an increase between 20% and 30% in asset values,” Wobensmith said.
