There was little support to be found for the Capesize market over the last week as dwindling rates and rising bunker prices slashed earnings for owners with the 5TC Weighted Average dropping to $7,390. The Pacific had little further left to drop as the transpacific C10 was priced at sub operating expense levels of $4,200. …
The post Dry Bulk: Capesizes Face More Headwinds first appeared on Hellenic Shipping News Worldwide.