Depressed capesize market trails other bulker segments
China’s boycott of Australian coal provides added weakness to the capesize market, but this has been partially offset by increased appetite from Indian utilities
Given the lower-than-expected iron ore volumes from Brazil, and a hit on coal volumes not only from Australia, the capesize market is trailing other bulker segments. For the year to date however, capesizes have enjoyed the highest spot earnings, followed by panamaxes, supramaxes and handysizes
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