The question from veteran Jefferies analyst Omar Nokta suggested there’s a party starting and barely anyone has noticed.
“We’re seeing highs for the years in capes at more than $19,000 per day and … well, it seems this is the quietest run-up in day rates in some time. There’s not much fanfare,” Nokta told executives of New York-listed Genco Shipping & Trading on their first-quarter earnings call.
