All four major segments of dry bulk shipping posted their third consecutive week of steady declines.
The Baltic Exchange’s Capesize 5TC, a basket of spot-rate averages across five key routesm plummeted 33.7% over the past week to reach $9,254 per day on Friday. The figure marks its lowest level since early March and a 54.6% drop since 12 May.
Capesize spot fixtures over this three-week period painted a clear picture of the steady fall in the market.
