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Bad weather and oversupply dampen capesize vigour

Capesize Index has declined around 63.3% over the past year on oversupply of vessels and severe weather conditions in both Brazil and Australia. US tariffs on steel are further dampening cargo interest, and putting pressure for more rate cuts

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Rates may fall further, with Chinese demand — a key driver in the capesize sector — likely to remain subdued amid talks of trade conflicts

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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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