Capesize rates continue to gain ground having struck a four-year high on Friday.
Improvements in the sector are driving up the overall market with the Baltic Dry Index also pushing multi-year highs.
According to the Baltic Exchange, capesize rates climbed to $28,546 per day on Monday, with the BDI at 1,662 points.
Monday’s improvement added to a 12% rise last week which lifted the index to a three-year peak of 1,626 points.
