Spot rates for capesize bulkers took another nice jump on Friday after surpassing average earnings of $50,000 per day for the first time in more than a decade.
The capesize 5TC, a spot-rate average weighted across five key routes, gained $986 per day since Thursday to reach $51,099 per day, according to the Baltic Exchange.
It has stayed above $50,000 per day since hitting $50,078 per day on Monday and $51,472 per day on Tuesday before cooling off to $50,922 per day on Wednesday.
