The capesize bulker market took another plunge on Thursday, continuing a steady fall as fears mount over China's coal shortage putting sharp brakes on the nation's economy.
The capesize 5TC, a spot-rate average weighted across five key routes, dropped 5.8% to $70,181 per day, according to Baltic Exchange data.
The China-Brazil roundtrip voyage saw the greatest decline among the benchmark routes, losing $5,750 per day to come in at $58,960 per day.
