Data from the Baltic Exchange indicatescapes were commanding roughly $14,800 per day, which is approximately 4.5%lower than yesterday’s average.
In a client briefing Global Hunter Securitiespointed out that rates are still nearly 17% higher week-on-week, however,despite a sharp decline in fixtures.
While the coal trades are still somewhatdepressed Fearnleys claims the underlying fundamentals of the iron ore marketstill bode well for the capesize segment in the near-term.
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