Capesize rates are enjoying their best year since 2014 but asset values have yet to catch up with where they were during the last mini-peak in the market, according to analysts at Fearnley Securities.
The latest transactions point to positive movements in the bulker prices, with an eco-premium developing and expected to widen with the arrival of new emissions legislation, say Espen Landmark Fjermestad and Peder Nicolai Jarlsby.
