While lackluster macroeconomic conditions posed significant obstacles in the recovery of dry bulk shipping market during third quarter, with poorer average returns across all vessel segments compared with Q3 last year, many market participants were expecting freight gains in Q4. The Platts Capesize T4 Index, a global ton-mile weighted average index of four Capesize routes, stood at an average of…
DRY BULK QUARTERLY: Coal restocking lifts Q4 dry bulk shipping hopes
While lackluster macroeconomic conditions posed significant obstacles in the recovery of dry bulk shipping market during third quarter, with poorer average returns across all vessel segments compared with Q3 last year, many market participants were expecting freight gains in Q4. The Platts Capesize T4 Index, a global ton-mile weighted average index of four Capesize routes, stood at an average of…
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