The sharp ascent in dry bulk freight rates this week is getting mixed reviews from dry bulk shipbrokers. Available capesize bulker supply has tightened, particularly in the Atlantic Basin, amid more chartering out of Brazil. But more ships are expected to come to the market while cargo activity may slow.
The Baltic Exchange's assessment for average capesize spot rates reached $19,515 per day, a 108% jump up from levels at the beginning of November.
