As we have discussed in the previous freight rate forecast publications, there has been upside risk for our last assumption for near-term freight forecast, specifically for sub-Panamax grain tonnages, owing to (a) unusual high congestion, (b) strong coal employments with record low cold weather in east Asia, and (c) forward grain cargo covering tonnage demand …
The post Geared dry bulk freight rates hit a ten-year high thanks to backhaul demand with stronger container market but downside risk remains in Q2 first appeared on Hellenic Shipping News Worldwide.