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Dry Bulk Capes International

Capesize market boosted by potential short-term drivers

Several factors supporting capes include record iron ore shipments from Australia to China combined with a shift in trading patterns from Canada. Bauxite trades from Guinea have also supported employment

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The hot spot market is spurring Forward Freight Agreements higher, with July quoted at more than $20,000, up 20% in a day

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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