Spot rates for capesize bulkers have surpassed the $40,000 per day level, leading equities analysts to upsize their expectations for the sector this year.
Baltic Exchange panellists on Friday added a further $1,019 per day to their assessment of the capesize 5TC, the weighted average of spot rates on five key routes.
The assessment reached $40,608 per day, its highest level since November 2010.
