According to Clarkson Capital Markets capes were commanding $14,000, which is roughly 5.4% lower than yesterday’s average and represents a decline of nearly 37% week-on-week.
In a daily client briefing one of the firm’s equity analysts, industry veteran Omar Nokta, also pointed out that the same type of tonnage was going for $27,000 per day a year ago.
During a conference call with investors Greek bulker operator Star Bulk Carriers blamed the lacklustre freight rates that have plagued the capesize sector as of late on Vale, the Brazilian mining giant.
“Vale
