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Dry Bulk International Capes

Capesizes continue to slide

While the capesize spot market continues to erode from highs seen earlier in the month, analysts are confident that the final months of the year will close out at higher levels than the third quarter

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The recent rally was not driven by underlying fundamentals, says Breakwave Advisors, and the ‘bottoming process’ will continue over the coming weeks before a potential final uptick at the end of November

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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