Capesize market lifts off
The bauxite trade is helping the largest bulk carrier vessels to raise their prices, with average rates ending the week at $18,000 per day
The scaling back of China’s draconian Covid policies has bolstered sentiment in the capesize market. What is more, higher iron ore activity from Brazil and Australia ahead of the holidays has led to a rise in spot rates to the highest level in two months
If content does not display, please refresh your browser.