Is the dry bulk sector upturn close to its peak?
Capesize uptrend is likely to sustain in the fourth quarter of the year owing to booming demand for iron ore. While supply side dynamics look supportive for the next two years, MSI predicts demand is expected to slow on reduced Chinese steel production
MSI remains positive for the short-term outlook for capesize rates and projects time charter rates to be above $20,000 a day on average for the fourth quarter of this year
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