Holiday cheer for capesize market
The beginning of 2019 is proving to be a good start to the new year for capesize owners, with earnings up 3.7% on the first trading day compared to the December close. The market seems to be better balanced for a sustained recovery in the short to medium term provided the newbuilding order craze can be curtailed
The miners seemed to have fixed consistently throughout the festive season, supporting freight rates
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