Baltimore capesize diversions fuel negative sentiment in falling market
Broker Braemar notes the loss of some arbitrage cargoes from closed US port UK shipbroker Braemar has reported that the Baltimore bridge collapse has exacerbated a decreasing capesize bulker market. The London-listed group stated that the US accident has been the main talking point in the North Atlantic market. This follows the destruction of the Francis Scott Kee span by the Maersk-chartered container ship Dali, which trapped several dry cargo vessels in the port of Baltimore.
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The Baltimore bridge collapse has been an aggravating factor in what was already a plunging capesize bulker market this week, UK shipbroker Braemar says.
In its latest market report, the London-listed group said the US accident has “clearly been the main talking point” in the North Atlantic market.
The destruction of the Francis Scott Kee span on Tuesday by the Maersk-chartered container ship Dali trapped a number of dry cargo vessels in the port of Baltimore.