Records tumble as capesizes go for quarter of a million a day

May 09,2008 00:00 by schambers

Hong Kong: Strong demand in the Atlantic from South America and the US is pushing spot prices to new highs likely to crack November's record $253,000 a day.
Ships were fixed yesterday for around $250,000 a day and prices are likely to remain stratospheric for the coming couple of weeks as tonnage remains stretched in the Atlantic and farmer blockades in Argentina lay up panamaxes. [9/5/08]