The dry bulk market is enjoying a strong fourth quarter as spot voyage rates remain near highs rarely seen this year.
But bulker owners are showing caution over the upcoming seasonal downturn by fixing more ships on short-term period charters instead of spot voyages.
Average rates for capesize voyage charters were $15,000 per day, according to the Baltic Exchange’s broker assessments, down from a mid-November peak of $19,000 per day, but still up substantially from the $8,000 per day average in the third quarter.
