Ocean Carriers
The factors that drive average daily hire rates are current market conditions, vessel size and age of vessel. Current market conditions effect average daily hire rates because they are based on supply and demand of capsizes. If the demand for capesizes increases the average hire rates will increa....

Ocean Carriers Case Review - Harvard Business School
1 - Spot Hire Rates Daily spot hire rates will likely decrease next year. The stagnant rate of iron ore and coal imports coupled with the increasing supply of vessels should result in a market surplus, driving the price down as more suppliers compete for limited demand. Based on historical numb....

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