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China Dry Bulk Capes

Capesize market cools ahead of Chinese New Year

The Baltic Capesize Index shed 14.3% to 2,497 points from Tuesday’s close as the average weighted time charter rate dropped to $20,709 per day from $24,148 a day

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Brokers attribute the slide to an expected seasonal dip in cargo demand ahead of Chinese New Year, cargo cancellations after Australian port closures and tonnage tightness in Brazil

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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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