Asia Dry Bulk -Capesize rates to slide or hold steady as cargo volumes weigh
* Capesize rates nearing the bottom - Shanghai broker
* Global iron ore demand to hit 3 bln tonnes by 2030 -Rio Tinto
By Keith Wallis
SINGAPORE, Nov 5 (Reuters) - Freight rates for capesize bulk carriers could hold around current levels or nudge slightly lower next week as cargo volumes fail to match the number of ships available for charter, brokers said on Thursday.
That came as the traditional fourth quarter bounce in rates from strong year-end cargo demand remained elusive, brokers added.
"No one expected the fourth quarter to be so bad," said a Shanghai-based capesize broker.
"Last week people were saying we were at the bottom of the market already. My feeling is we are near the line but not yet," the broker said.
Market players were slowly losing hope of witnessing any big spike in rates this year, Norwegian shipbroker Fearnley said in a note on Wednesday.
"Unless miners like Vale push more cargo out in the market I don't see any sign rates can get better," the Shanghai broker said. Continuación...