Tag: Bulk Shipping Freight Rates
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Slight Capesize Freight Rate Increments Likely to Subside; Sentiments Turn Bearish
The recent slight increments in capesize vessel freight rates along the key Asian routes are not likely to sustain further. Sentiments have turned bearish among ship brokers as rising demand for capesize vessels is expected to subside again. Freight rates of capesize vessels have recently increased slightly due to increasing shipments of coking coal to…