Average spot earnings for capesize bulk carriers rose 15% over the past week before leveling out on Monday.
The upturn seen last week was buoyed principally by rising rates on routes between Australia and China.
Capesize rates climbed to $15,746 per day globally on Friday and sat at $15,606 per day today, according to the Baltic Exchange.
Spot rates on the Baltic’s Western Australia-Qingdao (C5) benchmark route rose 11% week on week from $6.3/tonne
