The capesize bulker sector is beginning to show a little spring in its step after pretty much dragging its feet for more than two weeks.
The Baltic Exchange’s capesize 5TC, a spot-rate average across five key routes, leapt 35% over the past two days to $15,299 per day on Friday.
Before this, it did not change by more than $1,500 per day for two weeks, peaking at $12,285 per day on 14 April.
