Freight rates rose sharply for capesize bulk carriers today.
The Baltic Exchange average of four timecharter trips rose more than $1,500 daily.
This was largely led by trans-Atlantic rounds which increased over 11% to more than $33,500 per day.
Baltic panamax, supramax and handysize indices also rose.
London brokers attributed the large rise in the capesize index on a tight Atlantic tonnage supply.
A greater than expected number of iron ore cargoes were quoted from Australia.
There
