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Dry Bulk Capes International

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

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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

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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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