Dry Bulk Report

The Capesize market endured another week of frustrating troughs as rates languished at near historical lows. Monday’s Baltic Capesize Index (BCI) route 5TC posted an index down -145 to settle at $4,035 and by Friday finished at $3,796. The beginning of the week had the Pacific market enveloped, with news of category four Cyclone Veronica. While the worst was over by Tuesday, reports of Rio Tinto declaring force majeure on Friday circulated for several Port Walcott berths. This marked an ongoing recent string of bad news events distressing the Capesize market.

Πηγή άρθρου: Naftemporiki.gr