Capesize bulker owners are enjoying a stronger market, with rates up by one-quarter in the past week.
Average capesize rates hit $26,777 per day on Friday, the highest since early October, according to the Baltic Exchange.
Today’s rate of $26,220 per day has slipped slightly from the end of the week but is still up by more than 70% from the low of $15,332 per day at the beginning of November.
