The Capesize market has retreated sharply after crossing the key $40,000/day mark in early May as mining majors, trading houses and ship-operators took a breather and dented the strong sentiment witnessed over the last two months. The downward spiral in the Capesize freight rate continued for a ninth straight session on June 7 with the …
The post Dry bulk: Capesize driven to 2-month low by excess tonnage, slow demand first appeared on Hellenic Shipping News Worldwide.