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Capesize rates benefit from ‘incredibly healthy’ volumes

The capesize market continued its upward trajectory this week, stimulated by ‘incredibly healthy’ volumes, according to Braemar. The average weighted time charter settled at the highest level since September 2019

Capesize spot rates continued to gain with levels reaching the highest since September 2019, according to the Baltic Exchange, which cited ‘firm trading activity’. Volumes of iron ore from Brazil and Australia were reported as strong

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