Navios Maritime Holdings is predicting a fourth-quarter rebound in dry cargo rates and is scouting for further acquisitions.
President Ted Petrone presented a confident stance on the market, having just seen one of the owner’s capesizes fixed on an Australian round voyage at double the figure available a week earlier.
Petrone is most positive about the capesize market, where Navios Maritime has a fleet of 18 ships, given the additional iron ore set to emerge from Brazil.
“Over
