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.
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