Declines in the panamax and supramax markets left the Baltic Dry Index flat at a four-year high of 1,773 points on Monday.
The stall came despite continued climbs for the capesize sector, which is being driven by strong Brazilian iron ore shipments.
Capesize rates progressed to $27,283 per day on Monday on the back of strong improvement last week
Magnus Fyhr, an analyst at Seaport Global says he remains bullish for the second half of 2018 for the capesize market given Vale’s continued increase in production from the S11-D mine.
