Reports of the capesize market's demise have been greatly exaggerated and day rates of $30,000 are "not the end of the world".
That is according to John Michael Radziwill, chief executive of bulker pooling giant C Transport Maritime (CTM) and its public arm, shipowner GoodBulk.
The capesize market's downturn this quarter has been a "massive overreaction" and typical of the market, whether rising or falling, Radziwill told...
