Dry bulk shipping freight rates are forecast to be loss-making in 2020 amid the Covid-19 pandemic, despite making some gains last week on China's steady resumption of industrial activity.
The weighted time-charter equivalent (TCE) average spot rate for capesizes improved 73% last week to $4,140 per day, according to Baltic Exchange assessments.
TCE rates for kamsarmaxes and supramaxes rose 5.4%
