Capesize bulkers reversed course this past week as more dry bulk commodities went to the Far East, ending a three-week slide that put them on the upward swing that smaller dry bulk classes have enjoyed for a month.
The Baltic Exchange’s Capesize 5TC basket of spot-rate averages across five key routes improved 25% over the past seven days to reach nearly $10,700 per day on Friday, despite a temporary rate dip earlier in the week.
