Futures signal rough seas ahead for dry bulk shipping as China faces economic headwinds

Average spot rates across dry bulk shipping remain above the historical norm despite slight declines, but the futures market indicates further weakening as China’s economy continues to stumble.

The Baltic Exchange’s Capesize 5TC of spot-rate averages across five key routes slipped 4% to $16,209 per day on Tuesday, while the Panamax 5TC slid 1.9% to $18,653 per day.

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