Capesize owners were probably glad to see the back of 2012, a year in which average Capesize earnings remained below operating expenses for much of the time. The surge in deliveries since 2008 created im-mense supply-side pressure on the market that made its force felt most heavily last year. However, 2012 may also have marked a turning point for the sector, with the delivery peak likely to have n...
Capesize owners were probably glad to see the back of 2012, a year in which average Capesize earnings remained below operating expenses for much of the time. The surge in deliveries since 2008 created im-mense supply-side pressure on the market that made its force felt most heavily last year. However, 2012 may also have marked a turning point for the sector, with the delivery peak likely to have n...
