Capesize income sat at $10,770 daily today having slipped by a third over the past week.
With struggles elsewhere, the capesize sector is the only one where spot earnings are above $10,000 daily.
Clarksons says a slowdown in chartering activity out of Australia for China last week dented rates while transatlantic cargoes remain limited.
Ben Nolan of Stifel notes capesize rates are down from $29,000 daily just three weeks ago.
