Dry bulk shipping ended the week on a high, as spot rates across all sectors rose due to capesize earnings being pushed up by those of smaller asset classes.
The Baltic Dry Index (BDI) increased 188 points to 2,857 on Friday, which represented a 17.2% gain from a week earlier.
This came as the capesize 5TC, a spot-rate average weighed across five routes, jumped $3,713 to hit $27,752 per day on Friday — a 32.6%
