Capesize earnings pushed up to $18,442 per day, a rise of 7.8% Monday, amid the hope more improvements await.
RS Platou Markets said in a report that FFAs for November were up 10% this morning helped by longer haul voyages out of Brazil.
Doug Mavrinac of Jefferies says the increased Brazilian activity seen last week has lifted the capesize market to the highest level seen since March this year.
