Cape-led Market Remains Volatile

摘要

The apparently relentless surge in dry bulk freight rates finally ran out of steam in mid-October after vessel earnings for all size ranges peaked at record highs. This was followed by declining rates but the first few days of November have seen some stabilisation, with earnings moving upwards once again.rnThe Capesize sector has continued to lead the overall market, with each directional move by Capesize freight rates quickly followed by the other size ranges.