The capesize spot market reversed course on Friday after falling most of the past week.
The Baltic Exchange’s Capesize 5TC basket of spot-rate averages across five key routes slid 15.4% in the first four days of the week to reach about $15,600 per day on Thursday, before erasing most of the week’s losses in one day with a 13.3% leap to nearly $17,000 per day.
