Last quote by Rahul Kapoor
That had a pretty big move, basically the rates went up from around $5,000 (per day to hire a vessel) to all the way up to $15,000 to $18,000. That's why the move in the Baltic Dry Index looks very amplified.
Dec 02 2016
“Shipping is a volume game, so higher OPEC production has supported the tanker rates over the past few years.” said Rahul Kapoor on this article: OPEC deal is a blow for tankers, as shipping rates stage a recovery in November. This page contains 3 articles quoting Rahul Kapoor. Main topics on which Rahul Kapoor is quoted are Hanjin and Baltic Dry Index. In addition you’ll find 4 quotes there. All these quotes are mentioned on this page and you can filter them by date and by topics.
Quotes by Rahul Kapoor
Dec 02 2016
Shipping is a volume game, so higher OPEC production has supported the tanker rates over the past few years.
Nov 02 2016
Everyone expected that rising spot freight rates after the Hanjin bankruptcy would start flowing into Maersk results quickly. But even as spot rates moved up, it didn't show in the contract prices.
Sep 01 2016
Unlike dry cargo, liner shipping is all about marketing and service reliability – we haven't seen any large carriers come back from collapse.
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