Seanergy’s chief executive bullish on capesize bulkers for ‘a number of reasons’

Seanergy Maritime chief executive Stamatis Tsantanis can give several reasons as to why he expects the rising capesize bulker market to continue its upward trend, following a months-long steady decline.

The Baltic Exchange’s Capesize 5TC of spot-rate averages across five key routes slid steadily from above $23,000 per day in late December to just under $2,300 per day by mid-February before rising back up to about $17,500 per day by Wednesday.