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Capesize sentiment remains positive as market loses ground

The Baltic Exchange capesize index dropped to 2,393 points at the close on June 8, down 20.7% from the week before and 55.7% lower than a record high of 5,404 on May 5

The Baltic index has lost ground in the past two weeks. However, brokers are talking of a strong market for capesize ships, and as a result, futures prices have recently been trading at record premiums versus the spot index

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