Dry bulk market: capesizes on higher ground.

The Capesize market has made the most of the short working week as rates have lifted strongly, with the 5TC now residing at $24,002 - up $6262 week on week. The positive market sentiment was largely Pacific led yet that didn't stop the Atlantic Basin and ballaster trades from getting in on the act, as all regions posted big gains. Cargo levels in the north Atlantic are heard to be poor yet a wide range of rate levels have been mentioned as the market struggles for visibility in the region as usual. The Transatlantic C8 now sits discounted at $17,200 to the Ballaster C14 at $22,018, while the...