Pareto Securities punchy on capesizes as market heats u

Dry Cargo Features

Analysts suggest rates could reach $40,000 per day amid strong Chinese demand.

Capesize
rates
could
reach
their
highest
peak
for
this
time
of
the
year
in
almost
half
a
decade,
according
to
analysts
at
Pareto
Securities.

Eirik
Haavaldsen
and
Fredrik
Stene
say
given
moderate
fleet
growth
freight
rates
could
reach
$40,000
per
day
later
this
Autumn.

Should
this
happen,
it
would
be
the
highest
figure
seen
in
the
capesize
spot
market
at
this
stage
of
the
year
since
2013,
the
analysts
said
in
a
report.

“However,
such
a
market
is
bound

Importing and managing the logistics of your precious freight is no easy task. Compliance to U.S. Customs & Border Patrol is essential to your cargo clearing customs. Use a freight forwarder to lower your chances of having shipment delays and to oversee all of your international freight logistics. Contact a customs broker to file your ISF and issue any pre-alerts to avoid penalties and delays, and arrange your ocean freight and imports customs clearance.



Andy Pierce