RS Platou Markets has chopped its capesize rate forecasts for the next two years as the dry-cargo market battles slowing demand and a continuing flood of new vessels.

Bjorn Bodding.

Analysts at the Norwegian finance house have sliced their 2012 cape estimates from $15,000 to $13,000 daily, according to a report issued this morning.

Their bets for 2013 have been dashed from $21,000 daily to $17,000 per day.

Bjorn