The dry bulk sector continued to fall on Thursday during a week of limited enquiry as much of shipping met in Athens for Posidonia 2022 and China began to lift its latest Covid lockdown.

The Baltic Exchange’s capesize 5TC, a spot-rate average across five key routes, fell below $20,000 per day for the first time in weeks after dropping 3.6% to $19,643 per day.

Thursday’s decline resumed a steady fall that began after the 5TC reached $24,274 per day on 1 June.