Handy Hit High Notes With Minor Score

摘要

Just like Ella Fitzgerald's singing, that can move easily from major to minor keys (and back again), so Handy bulk carriers can accommodate major and minor trades to provide a harmonious profit line. The outcome is that over the past dozen years average annual earnings for a Handymax vessel have been higher than those for a Panamax vessel for around half those years. However, with the major iron ore and coal trades in Asia rampant, most of the attention in the ongoing freight boom has-focussed on Capesize and, to a lesser extent, Panamax vessels. Handy sizes have once again become the unsung heroes of the freight market. Nevertheless Handymax earnings are humming along at almost double the level of last year. For a 45,000 dwt they are up from dollar 15,000/day to dollar 29,000/day; for a 52,000 dwt from under dollar 17,000/day to over dollar 33，000/day. Panamaxes nor Capes can match that this year.