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Capesize: Throughout the week, the capesize market experienced a mix of subdued and positive conditions across different regions.
Capesize: Throughout the week, the Capesize market experienced mixed dynamics.
Capesize: The capes started the week on an upbeat note. All three majors were active in the market at the beginning of the week, resulting in a healthy volume of cargo from West Australia to China.
Capesize: The decline in the first week of the year appeared to be no surprise to the market due to the lackluster activity and seasonal headwinds since the holiday season.
Capesize: The Capesize sector saw a surge, especially in the Atlantic since midweek. More cargo from West Africa came to the market and subsequently pushed the Brazil to Qingdao run to a higher level.
Capesize: The Capesize market softened this week as a lack of fresh cargo and activity, particularly in the Atlantic hampered, efforts to push higher. The Capesize 5TC lowered 1909 over the week to settle at $17,965.
Capesize: Overall the market was active in both basins, especially with more fixtures reported from the North Atlantic in midweek.
Capesize: Overall it was not a very active week, with limited fresh cargo support from either of the basins.
Capesize: The Capesize market traded sideways this week as the 5TC closed at $10,302, an improvement of +1384 over the week. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry Indices.
