Dry cargo market report dated 1 March 2024
04 March 2024Capesize: The week started with a modest increase on the BCI 5TC, accompanied by steady activity in the Pacific and relatively calm conditions in the Atlantic.
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Capesize: The week started with a modest increase on the BCI 5TC, accompanied by steady activity in the Pacific and relatively calm conditions in the Atlantic.
Capesize: The capesize market experienced a varied week with distinct developments in both the Pacific and Atlantic regions.
Capesize: The past week has had a negative trend overall, but closed up by the end. The average of the 5 Capesize time charter routes closed the week at $11,139, slipping $2,713 week-on week.
Capesize: The Capesize market made a revival this week, taking fortunes out of the red by rising the tide on values to be closer to the low-teens level on the 5TC.
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 assertive rally this past week reaching new highs in dramatic fashion. 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.