Plunging capesize index sinks to fresh low of 122 points
Limited activity on the Australia-China trading route undermined capesize bulker earnings, which have sunk to their lowest level since the assessment began in 2014. Upside prospects in the short term appear limited
Cargo volumes out of Brazil were anaemic, and this has clearly hurt the supply-demand balance for capesizes, with Pacific trade also thinning
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