Capesize earnings have failed to break the $20,000-per-day mark this week, weighed down by high bunker prices and lower-than-expected Brazilian iron ore exports.
The market had risen for 11 consecutive sessions to reach $19,319 per day on 3 October, then a one-month high.
However, the weighted time charter average on the Baltic Exchange dropped 6.7% to close at $18,026 per day on Friday.
