Dry bulk market: strong finish to a lackluster week.
The Capesize market struggled to hold its value this week as rates ebbed away across all routes. Closing Friday some reprieve was found as the Capesize 5TC closed on a positive up note +1888 to settle at $13,888. The Pacific region which experienced stronger swings compared to the other regions saw the Transpacific C10 change +1546 week on week concluding at $9,125. In the Atlantic rates were seen to dip midweek, yet pushed up strongly on Friday as several stronger fronthaul fixtures were reported although some of these for breaching ice prone regions. The Fronthaul C9 was seen closing up +5600 to $37,350. The...
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