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Capesize: The week started positively for the capes, especially in the Pacific, where rates saw a slight increase.
Capesize: Weather factors in the Pacific this week threatened to disrupt activity from West Australia to China.
Capesize: The Capesize market was positive over the week, rising in excess of $1,200 to close at $13,957.
Capesize: The Capesize market inched higher this week as increased activity continues to lift expectations with the 5TC closing at $19,874, up 3,660 over the week. The Atlantic remains the more optimistic region.
Capesize: The Capesize sector spent the week trundling along the market floor as the last few day’s brief revival of rates was quickly wiped out, returning the 5TC back to $5-6k OPEX levels. On a more positive note, the Atlantic basin has begun to see a little more fixture activity with both Transatlantic and Fronthaul from Eastern Canada trades being heard.
Capesize: The Capesize market had a forgettable week for owners as rates slipped away, closing the week below $15,000 on the 5TC.
The Capesize market did get off to a positive start this week as rates were building strongly off improved sentiment. But as events in Europe took hold, the market abruptly changed course. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry Indices.
Capesize: The Capesize market endured a somewhat traditional post-holiday Q1 drop as the 5TC descended -7760 over the week to settle at $12,407. Trading activity was relatively quiet over the week as news from Brazil reported high rainfall affecting mining operations of iron ore flow. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry Indices.
