The spot market for capesize bulkers declined on Thursday as rates in the Atlantic basin fell while those in the Pacific basin picked up.

The capesize 5TC — a spot-rate average across five key routes — slid 6.2% to $16,333 per day, according to Baltic Exchange data.

Average capesize spot rates fall below $20,000 as market sits in the doldrums
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The C8 Atlantic Brazil-Europe voyage dropped 21.6%