Owners and investors had looked to the final three months to 2014 for rates to take off but with the third week approaching capesizes are commending less than $10,000 daily.
In an update on the bulk market, Bimco is not giving up hope on an uplift in earnings.
Bimco analyst Peter Sand says when the “belated but still anticipated rush of Brazilian iron ore spot cargoes” arrive rates are likely to be volatile.
