Capesize bulker rates jump 45% in a day to reach five-week high

The capesize bulker market staged a rebound on Wednesday after a several-week plummet that was followed by almost two weeks of modest gains.

The Baltic Exchange’s Capesize 5TC spot-rate average across five key routes jumped 45% on Wednesday to $12,977 per day, marking the highest figure in five weeks.


View entirety: Tradewinds