The market for capesize bulkers swung to new heights this past week as high demand for commodities kept the pressure on a tight supply of vessels.
The capesize 5TC, a spot-rate average weighted across five key routes, posted a seven-day improvement of 15% to hit $61,309 per day on Friday, according to Baltic Exchange data.
The smaller asset classes also saw higher rates over the same period to a lesser degree.
