Dry Bulk Shipping: Capesize Market Rebounding

AI Summary

The Capesize dry bulk market gained momentum during the week, with improved sentiment and stronger fixture activity across both basins. Rates strengthened after a subdued start in the Pacific as competition for available vessels increased.

Capesize The market gathered momentum through the week, with improving sentiment and stronger fixing activity across both basins driving a broad-based recovery. The Pacific initially remained relatively subdued, with C5 fixtures holding around the high $13s to $14 as miners maintained a measured approach. However, increased competition for tonnage saw rates push through the $14 ...