Dry bulk market: a recovery is well under way.
The Average of the 5 Capesize timecharter routes were one step away from breaking through the $10,000 threshold upon closing on Friday after a week of continuous improvement. The BCI climbed over the 1,000-point benchmark on Thursday and despite the backhaul route remaining in the negative territory, positive trends were across the board. Amid the surge, East Australia coal to China - which was finally back in the market - reflected a...
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