The second half of 2024 has begun with average capesize spot rates rising by 10% in a day, breaking through the $30,000-per-day level.
The sudden pop comes on the back of fixtures reported at successively firm rates in the Atlantic, with slower growth in the Pacific.
Baltic Exchange panellists on Monday added an extra $2,881 to their assessment of average capesize spot rates weighted across five key benchmark routes.
