Average spot rates capesize and panamax bulkers gained finished Friday with a one-week gain, as positive sentiment reversed a downward trend.
The Baltic Exchange’s Capesize 5TC, which averages spot rates across five key routes, improved 26% over the past week to reach $24,776 per day on Friday.
The spot rate for C10 roundtrip route between China and Australia gained 28% over the same period to land at $22,418 per day on Friday.
