Today,capes were commanding $12,000 per day which, according to Global HunterSecurities, is 2.5% higher than yesterday and 9.9% above the average seen sevendays ago.

Ina note to clients equity analyst Omar Nokta attributed the rise to an uptick inactivity in Australia where charterers fixed tonnage to transport iron ore toChina.

WhileNokta acknowledged that rates have remained range bound, stuck between $10,000and $13,000 over the past several weeks, he said this might end in the weeksahead.

“The