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 . Last year was just one chapter in market recovery story, Clinton Webb says. 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 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 .