Rates trended downward across dry bulk shipping over the past seven days as chartering activity remained subdued amid Covid-19 uncertainty.
The Baltic Dry Index slipped 95 points to 1,267 points, while the time charter equivalent average for capesizes declined by $1,004 to $15,248 per day, Baltic Exchange assessments show.
"It was a tough week for Capesize owners as the market was seen to ebb away on underwhelming activity levels," the exchange said on Friday in its weekly market wrap-up.
