
Slow recovery likely for freight derivatives amid low market rates
Rough seas

Since those heady days in June 2008 that saw the capesize vessel category freight rates hit an astonishing $233,988 a day, freight market prices have fallen a long, long way. By the end of 2008, capesize rates were less than $2,500 a day. Although there have been periods of recovery, rates never threatened to climb back to those unprecedented levels and only in the last month, capesize rates hovered around the $5,000 a day mark.
The situation became so severe that the Baltic Exchange recorded
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Energy
Investing
Boaz Weinstein picks Ukraine bonds as a tail-risk strategy
Saba Capital bought debt for as little as 20 cents on the dollar, anticipating explosive payoff
Receive this by email