Jefferies is positive on the dry bulk market with capesize vessels set for their best year in half a decade.
Analyst Doug Mavrinac forecasts the ships will earn $14,250 per day on average this year, the highest since the $15,512 per day logged in 2013.
Further progress is projected in 2018, with rates forecast to average $18,000 per day, according to the bank’s latest quarterly update.
