Capesize market keeps improving, albeit at a slower pace.
The Capesize lifted $2,401 for its time charter average on Tuesday, but failed to keep up the uprising trend throughout the week. It closed at $15,867, which is still an improvement week-on-week. The Atlantic basin cooled off in the middle of the week with limited cargoes lending further support. The fronthaul run eventually slipped beneath $30,000 on Friday. In the Pacific, the backhaul run was one step away from coming back to positive territory and is currently marked at -$333. The west Australia...
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