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Sub-capesize market to rebound after January slump

Production cuts at Vale, Chinese coal import restrictions and persistent weakness in US soyabean exports weighed heavily on bulk carrier freight rates and sentiment through January. But the picture looks brighter later in the year

MSI predicts weak freight rates will see scrapping surge, but the forecast upturn in sub-capesize earnings in Q2 and Q3 will not be shared by the capesize market

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