Spot rates for capesize bulkers have crept back up to just over $6,000 per day as freight rates firmed a little in the Atlantic and the Pacific market began to recalibrate after last week’s cyclone.
Average spot rates fell by almost 12% between Monday and Friday last week, according Baltic Exchange assessments.
On Monday of this week, things looked a tiny bit better following Atlantic capesize fixtures reported on Friday, even though some rates were below last done.
