Freight markets for supramax and ultramax bulkers have seen a marked downturn over the past few weeks, but Belships should be able to keep returning cash to shareholders, according to its chief executive.
Average supramax rates hit an 11-year high of $39,860 per day on 21 October, but have since fallen by almost 40%, according to Baltic Exchange assessments.
Lars Christian Skarsgard told TradeWinds: "Steel production and exports are down so I think there lies...
