Dry bulk market: ships' sizes converging in some coal trades.

Coal price fluctuations and the shifts in major routes, like the Australia-China one, has brought a significant shift in the dry bulk carriers' sizes used, with a rise of smaller sizes in what were once Capesize 'territory'. In its latest weekly report, shipbroker said that 'since the beginning of the year, there has been a significant decline on the Australian coal price. The API5 has decreased almost 56 percent reaching the region of $177.9/tonne...