JP Morgan has cut back its capesize rate forecasts for this year and next after a disappointing end to 2018.

JP Morgan flips third ultramax to continue bulker profit taking
 Read more
Baltic Dry Index back below 1,000 as winter chill takes hold
 Read more

Analyst Noah Parquette said his expectations for this year were modest given deteriorating demand growth with the sector remaining an “IMO 2020 story”.