EuroDry is expecting better days for dry bulk shipping in the latter half of this year.
Capesize rates bottomed out at $3,460 in early April after dropping 78% since the year began, mostly due to a 25 January Vale dam disaster taking up to 70 million tonnes of iron ore off the market.
Rates have rebounded 254% to $12,243 today, thanks to the expected return of 30 million tonnes following the iron-ore giant's late March decision to reopen its Brucutu mine.
