A rollercoaster year for the capesize market.
The Capesize dry bulk market experienced another rollercoaster year in 2019, beginning in dire straits, improving gradually, then rallying, before retreating once more as the year faded. In its latest monthly report, shipbroker Banchero Costa quoted as saying that "spot charter rates for Capesize bulkers started very poorly in 1Q2019 but recovered very strongly in Q2 and especially in Q3, before softening again towards the end of the year.
In the first 11 months of 2019, the Baltic Capesize TC index...
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