Capesize bulker market jumps 22% as iron ore sails across Atlantic basin

The capesize bulker market experienced its biggest leap since late June on Wednesday due to transatlantic iron-ore shipments picking up this week, according to market experts.

The Baltic Exchange’s Capesize 5TC set of spot-rate averages across five key routes gained 21.9% on Wednesday to reach $14,379 per day and achieve its highest point since hitting $14,589 per day on 29 June.

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