The capesize bulker market staged a three-day rally that has lifted average spot rates to the highest point of 2022.
The Baltic Exchange’s capesize 5TC spot-rate average, covering five key routes, jumped 34.8% from Tuesday to $24,002 per day on Friday, after starting slowly on the first day back from Monday’s bank holiday. It ended the week at the highest level for the index since 16 December.
