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$100m for a capesize, anyone?

$100m for a capesize, anyone?

Hong Kong: Brokers in Hong Kong warn that capesize resales are set to broach the $100m mark for the first time amid soaring rates and scant newbuild berth availability. Greek interests shelled out $91m for a resale a fortnight ago and since then brokers have conducted valuations for clients on a number of other capesizes with prices ranging from $93m to $96m. '$100 million is more than a distinct possibility in this climate,' one broker said. Freight rates for capesizes hit year highs this past Friday and as winter sets in will likely to continue to head up.  [06/11/06]

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