Logo

Dry Bulk Shipping: Capesizes Bounce Back Strongly

Capesize The market delivered a strong performance over much of the week, with sentiment and rates firming across both basins before a late-week correction tempered the rally. Early in the week, robust miner participation, healthy cargo volumes and tightening tonnage lists underpinned a steady rise in Pacific rates. C5 steadily climbed into the mid-to-high $8.00s. …

Source

Related News

Baltic Dry Index climbs to 2567 up 44 points

2 hours ago

Seaspan breaks into MPP segment with four newbuild...

9 minutes ago

Himalaya Shipping scores fresh premium index-linke...

51 minutes ago

Pacific Basin’s new shipbuilding menu: 4 conventio...

10 hours ago

Port Hedland Iron Ore Exports Jump by 14%

14 hours ago