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Capesize: The capesize market witnessed a mixed and evolving week with notable fluctuations in different regions.
Capesize: This week the cape market has been marked by varying levels of activity and changing sentiments.
Capesize: The Capesize market had a positive opening on Monday followed by consecutive declines on the timecharter routes.
Capesize: The Capesize market was a mixed bag this week as routes ebbed and flowed giving little clear direction for traders. 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.
The shift in oil demand is causing shorter sailing distances, so in order to maintain the fundamental balance with the present fleet in the tanker markets, the oil demand has to grow twice as much in the East as the oil demand shrinks in the West.
Capesize: The Capesize market rebounded briefly this week to provide some hope of a revival in rates after its recent October fall from heights. 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 continued its bull rally this week as we move into the tail-end quarter of the year. The Capesize 5TC managed a high of $86,953 on Thursday before closing out the week on a softer note at $83,865. 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.
Reproduced with the kind permission of the Baltic Exchange.
