The average spot rate for capesize bulkers shot upwards on Monday as tonnage supply remained limited in the Atlantic basin.
The capesize 5TC, which calculates a spot-rate average of five key routes, gained 6.1% to $34,360 per day, according to the Baltic Exchange.
The spike allowed the 5TC to recover from a low of $31,317 per day on Wednesday after slipping 2.6%
