Shipping Rises 32% in Survey as Boats Await Coal From Newcastle

[guest]

The fastest expansion in world trade in three years is clogging up ports from Australia to Brazil, driving a 32 percent jump in charter rates by December.


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[Spinat]

The rate for leasing capesizes, boats three times the size of the Statue of Liberty, will average $39,000 a day in the fourth quarter, from $29,649 now, according to the median in a Bloomberg survey of 11 analysts. Higher costs for the ships, the biggest part of the commodity fleet, will bolster returns for Mitsui O.S.K. Lines Ltd., Nippon Yusen K.K. and China Cosco Holdings Co., analyst forecasts compiled by Bloomberg show.

Wow, thats a high performance, not sure if this will stay in this way or if they simply just had a good quarter... thinks look to fall down very quickly as they got up the last year.