The capesize bulker spot market plummeted by more than a third last week, but Clarksons Securities remained optimistic on the often volatile dry bulk sector.
The Baltic Exchange’s Capesize 5TC basket of spot-rate averages fell by an additional 6.1% on Monday, hitting approximately $17,300, marking its lowest point since late September. This decline follows a week in which the spot market plummeted by 37%, reaching nearly $18,500 on Friday.
