Capesize bulkers bounce back over $20,000 per day but El Nino presents ‘wildcard’

Spot rates are higher than forecasted as supply is tighter than expected, analyst says

Average spot rates for capesize bulkers have returned to above $20,000 per day. — Average spot rates for capesize bulkers have returned to above $20,000 per day.Photo: Seanergy Maritime

Michael Juliano

Stamford

Published 7 November 2023, 21:35Updated 8 November 2023, 10:29

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