Asset prices for capesize bulkers may improve by nearly one-third by the second half of 2023 in a market that keeps reaching new heights, according to an analyst.
The capesize 5TC, a spot-rate average weighted across five key routes, has skyrocketed 90% since 8 September to $77,035 per day on Monday, according to Baltic Exchange data.
It has also more than doubled from $34,293 a year ago.
