Dry bulk market: capesize market on the decline for yet another week.

This week began on a positive note in the Pacific market, with all three major players actively participating and securing vessels at more favourable rates. However, the momentum quickly dissipated and the market experienced a decline in rates as the week progressed, with a shift in sentiment due to a growing abundance of available vessels. The C5 market in particular experienced a decline compared to the beginning of the week. Similar downward pressure was observed in the South Atlantic market from Tubarao to China, with an increasing number of...