Dry Bulk Shipping: Capesize Market Softened Last Week

Capesize This week began with optimism, particularly in the Pacific, which saw early strength, buoyed by improved demand from miners and fresh coal cargoes. However, the momentum quickly reversed as the week progressed, and by midweek, market sentiment was bleak. The C5 route rates dropped from $10.25 to end the week at $8.965. The South …

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