Capesize rates shrug off China concerns to set new high
After a slight dip towards the end of last week, the capesize market is again on its way up, despite growing fears of a potential China slowdown, exacerbated by talk of property developer defaults
The average weighted time-charter for five leading routes rose to more than $56,000 per day at the close on the Baltic Exchange. That is the highest for the 180,000 dwt assessment that was launched in 2014
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