Dry bulk: Ship operators bullish for Supramax freight rates in Northwest Europe

Date: Nov 22, 2017
Supramax freight rates in the UK Continent and Baltic are expected to tick higher in coming weeks, ship operator sources said, after scrap charterers were seen Monday circulating cargo requirements for mid-December dates.

With scrap charterers typically fixing stems 1-2 weeks out, their interest in mid-December dates indicates they expect freight rates to recover and are trying to lock in cheap prices now, sources said, after levels plummeted in recent weeks due to low cargo availability.

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