The market for capesize bulkers made some modest gains over the past week following a month-long tumble from historic highs, but market experts are not expecting another huge rally right away.
The capesize 5TC — a spot-rate average weighted across five key routes — improved 14% over the past seven days to $31,811 per day on Friday.
The jump represented a rebound after the rates plummeted 68% in the four weeks ending 5 November.
