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MSI cautious on dry bulk outlook

Maritime Strategies International is urging caution on dry bulk demand, especially on the bigger carriers, for the rest of the year. Even though capesize earnings have rebounded in recent weeks, and are expected to continue to recover in the second half of the year, rates in August will still be almost half of what they were at the same time last year

London-based consultant expects capesize earnings to average $13,600 per day in August and $15,100 per day in November

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