A mere breath away from the start of Q4 and most (if not say all) parties involved in
the dry bulk market couldn’t be anything less than happy with the current prevailing
market conditions. With the BDI having reached new high levels (10-year high) at
4,275 basis points, while in the bigger size segment, TCA figures are once again above
the US$ 50,000/day mark, a typical firm final quarter seems to now be the most plausible scenario.
In earlier market views, we mentioned that given the current freight levels in the dry
bulk sector, 2010 seems to be a rather good fit as a base year, given its many similarities in terms of overall returns and performance metrics.
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Source: Allied-ShipBroking
