Dry cargo market report dated 19 April 2024
22 April 2024Capesize: The Capesize market witnessed an eventful and generally positive week.
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Capesize: The Capesize market witnessed an eventful and generally positive week.
Capesize: The Capesize market faced a challenging week characterised by significant fluctuations.
Capesize: The Capesize market had a positive opening on Monday followed by consecutive declines on the timecharter routes.
Capesize: The Capesize market began the week at the summit of the recent rally.
Capesize: The surge in Capesize rates abruptly flattened off this week as global markets continue to be highly volatile.
The Capesize market had a mild trading range this week hitting a high of $15,258 and a low of $13,414 to settle Friday at $13,560. While events in Europe have been disruptive, the trading activity was generally back to normal this week as most shipping routes are business as usual - albeit without the Black Sea trade routes.
Capesize: The Capesize market continued its bull rally this week as we move into the tail-end quarter of the year. The Capesize 5TC managed a high of $86,953 on Thursday before closing out the week on a softer note at $83,865. 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.