Dry Bulk Market: Capesizes Declined Slightly Last Week

AI Summary

Capesize dry-bulk rates declined through the week, with the BCI 182 5TC falling from $37,618 on Monday to $29,464 on Friday. Persistent selling pressure in both basins and limited miner participation in the Pacific weakened market sentiment.

Capesize The market endured a sustained and broad-based decline through the week, with the BCI 182 5TC falling from $37,618 at Monday’s close to $29,464 by Friday. Persistent selling pressure across both basins drove rates lower, with sentiment deteriorating as the week progressed. The Pacific remained under pressure throughout, with limited miner participation and insufficient ...