Capezise spot rates rose to a year high as Chinese iron ore demand and strong Brazilian supply pushed earnings higher.
Rates have jumped to $25,600 per day today, up from $22,100 a week ago, and the highest seen in 2018 so far, a report from Clarksons Platou Securities notes.
Daily earnings for the large bulkers have tripled from same time last year, when they stood at $8,200 per day.
