The capesize market hit a level on Wednesday not seen since midwinter, despite the ominous Covid-19 overhang.
The Baltic Capesize Index weighted time charter equivalent average of seven routes reached $6,003 per day, for its first visit beyond the $6,000 mark since declining to $7,062 per day on 21 January.
"While capesize earnings eased somewhat yesterday, market activity seems to be improving," Clarksons Platou Securities said in its daily report.
