Dry bulk market: capesizes still in dire straits.

There was an overriding negative sentiment in the sector this week as the Cape 5TC average fell from $4,432 to $2,246 on Friday. This was largely led by the Atlantic and a number of fixtures are down significantly. However, it was also due to a lack of cargoes available. Owners are reportedly considering idling tonnage to wait out a recovery. The Pacific was busy with all of the miners...