Dry cargo market report dated 9 February 2024
13 February 2024Capesize: The capesize market started the week with a cautiously optimistic tone despite sluggish overall activity.
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Capesize: The capesize market started the week with a cautiously optimistic tone despite sluggish overall activity.
Capesize: The Capesize market declined early in the week without much support from either of the basins.
Capesize: The market continued to lurch its way upward as rates strengthened in flurries with numerous drawdowns along the way.
Capesize: The Capesize market continued to soften this week leaving little ambiguity about the state of the market as the 5TC posted at a low of $6,267 on Friday. While the Pacific rates have already been bottoming out in recent times, the Atlantic trade routes were the movers this week shedding value as hopes of a trend-bucking rally diminish.
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