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Capesize: This week the market saw a slow start, with a healthy supply of tonnage in the Pacific and limited enquiry, particularly from East Coast Australia to China.
Capesize: As China returned from their Lunar New Year holidays there was hope in some quarters that the market would see a recovery from the steep declines of January.
Capesize: The Capesize market was in a steep climb for most of this week as it reached a pinnacle of $74,786 Wednesday before stalling, regathering, and then pushing on to $75,190 at weeks end. 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.
Typically owners receive invoices for relatively small amounts by physical mail for example for alleged sludge removal, waste and other services, which usually were not asked for or used by the ships named on the invoices.
