In a new report, JPMorgan analyst Corrine Png shared all the latest global dry bulk shipping data. JPMorgan believes that supply growth will come in below 3.0 percent for 2016, but an increase in demand will also be required for higher rates. Here’s a breakdown of the key numbers investors should be watching.

Latest Rates

The latest weekly earnings for capesize vessels surged 69 percent to $10.3K/d, while panamax earnings declined slightly to $5.6K/d. The one-year capesize time-charter (TC) rate is now $8.1K/d.

Looking Ahead

The forward rate curve indicates…

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