Australia-to-China coal flows push capesize bulker rates to three-month high

The capesize bulker spot market improved significantly over the past week as coal from eastern Australia poured into southern China, according to brokers.

The Baltic Exchange’s Capesize 5TC basket of spot-rate averages across five key routes jumped 30% over the past seven days to nearly $17,300 per day on Friday, marking the market indicator’s highest level in almost three months.