Analysts at Axia Capital Markets have increased their dry cargo rates forecasts by an average of 10 % for this year , following a strong performance in 2017 . Axia 's Clinton Webb increased daily earnings forecasts for panamax and supramax up to $ 10 and $ 12,000 respectively , while capesize bulkers are set to hit $ 17,500 . " With the current orderbook - to - fleet ratio at 9.6 % … we believe the dry bulk market has clear runway into 2020 , " said Webb . In addition , he forecast ##s daily earning of $ 23,000 for next year , alongside $ 15 and $ 15,500 for panamax and supramax .
Analysts at Axia Capital Markets have increased their dry cargo rates forecasts by an average of 20% for this year, following a strong performance in 2017. Axia's Clinton Webb increased daily earnings forecasts for panamax and supramax bulkers to $13,000 and $12,000 respectively, while capesize bulkers are set to hit $17,500. "With the current orderbook-to-fleet ratio at 9.6% … we believe the dry bulk market has clear runway into 2020," said Webb. In addition, he forecast capesize daily earning of $23,000 for next year, alongside $16,000 and $15,500 for panamax and supramax.